USDA Suspends Rural Home Loan Program For South Carolina Home Buyers

 

Warning To South Carolina Home Buyers Needing USDA Funding…

Sometimes good credit and a steady income are not engh to qualify for a home loan at a commercial lending institution, such as a bank, savings and loan or mortgage company.

Under the Single Family Housing Guaranteed Loan Program (SFHGLP), the federal government’s  agrees to guarantee a zero down, 100% loan to qualified buyers…and many South Carolina families and individuals depend on the USDA program to become  homeowners.

I just received a bulletin today from the United States Department of Agriculture’s Home Loan program notifying me that the Single Family Housing Guaranteed Loan Program (SFHGLP) will not be available for a short period of time at the beginning of Fiscal Year 2012 (FY 2012), which starts October 1, 2011.

They have suspended funding! (They are out of funds)

How long will the suspension last?

Who knows?

Have you ever heard the old saying, “When one door closes….another one opens”?
Fortunately, there are a few South Carolina lenders that can still fund USDA loans. My
company, Anchor Mortgage can pre-qualify you and originate your home loan anywhere
in South Carolina…and make sure that you close on time.

If you have questions about the USDA program,  call me today.  843-200-5617.

I appreciate you!

Bobby Wallace
Anchor Mortgage
NMLS 241036

P.S. If you’d like a  FREE copy of the “Official Notification” from the  United States Department of Agriculture Rural Development Administrator,  call me (843)-200-5617 or email me bobby@anchor-mtg.com and I will send it to you right away.

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