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Closing date Jan. 21st. USDA funds question

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Anonymous
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Closing date Jan. 21st. USDA funds question

My closing date is Jan 21st. I meet w/usda this Wednesday. All is done appraisal etc. Ready for this to be done but now I read there may be no funding? If not then what???? When do they meet to pass the funds? Any input would be appreciated.
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chasmith
Valued Contributor

Re: Closing date Jan. 21st. USDA funds question

The entire US government has no budget, it is operating under a "Continuing Resolution" through March.  Now since the CR says they continue to spend on last year's baseline, if there were funbs last year I don't understand why there wouldn't be under CR, but agencies do strange things - like not funding mortgages so they have money if their final budget is cut.

BK7 Filed 8/11/2009 Discharged 11/23/2009. Purchased new home 4/11/2012
Starting Score:11/16/2009 EQ 566 11/16/2009 TU 538
Interim Score: 12/27/2012 EQ 683 09/17/2012 EX (lender) 670 1/01/2013 TU 701
Current Score: 11/06/2013 EQ 708 11/06/2013 EX 702 11/16/2013 702 11/06/2013 TU 729
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chasmith
Valued Contributor

Re: Closing date Jan. 21st. USDA funds question

Oh, and you'd be amazed what havoc might ensue if you contact your congressman / senators and ask for help ensuring you can close...

BK7 Filed 8/11/2009 Discharged 11/23/2009. Purchased new home 4/11/2012
Starting Score:11/16/2009 EQ 566 11/16/2009 TU 538
Interim Score: 12/27/2012 EQ 683 09/17/2012 EX (lender) 670 1/01/2013 TU 701
Current Score: 11/06/2013 EQ 708 11/06/2013 EX 702 11/16/2013 702 11/06/2013 TU 729
Goal Score: EQ 740 EX 740 TU 740
Take the FICO Fitness Challenge
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