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USDA loan still around for fiscal year?

Anyone know if the USDA loan's are going to be extended for the fiscal year?  Any details would be much appreciated!
  • May 04 2010 - US
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Answers (4)

As of today, I know of at least three companies including Chase that are accepting applications for these loans. Chase sent out a memo detailing exactly how much money was in the coffer now, I'd say as far as USDA Rural is concerned, we're all back in business.
  • May 04 2010
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As Mitchel mentioned, there is currently a bill on the senate floor which may allow for additional funding. You can follow the progress of the bill here:  http://www.govtrack.us/congress/bill.xpd?bill=h111-5017
  • May 04 2010
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There is a bill at the appropriations committee right now waiting to be passed for 55B addtional funds to get them through until Sept. 1 (their fiscal year start)
  • May 04 2010
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In my area they are.  I would suggest contacting your local office and asking them directly.  It's always best to get information straight from the horses mouth.

  • May 04 2010
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