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Thursday, March 11, 2010

Rural developement $ running out!!!

Very important news came out yesterday. USDA or Rural development is estimating they’ll run out of funds by the end of April. This 100% no money down, no PMI, purchase program is highly utilized in the state of Wisconsin. Buyers who are or who want to use this financing they must secure funds now. There is no set date to these funds being gone…but once they’re gone, they’re gone. USDA must petition Congress for more money to fund the program and it’s unknown at this time when/if that will happen.

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