@Genkeim wrote:My understanding is USDA has to be working on your file by Oct 1 IF the changes take place. If the changes don't happen, nothing changes and it's business as usual til March/Apr at the earilest
yes.
USDA has to approve the file by the Oct 1st...but odds are, they'll delay it another 6 months.
The House passed a farm bill! Anyone have any info on the Census changes?
I can't really afford an FHA loan, paying $400 a month in PMI is ridiculous.
I can't really afford an FHA loan, paying $400 a month in PMI is ridiculous.
@Peter1142 wrote:
The House passed a farm bill! Anyone have any info on the Census changes?
I can't really afford an FHA loan, paying $400 a month in PMI is ridiculous.
I see no news anywhere indicating the farm bill was passed...link?
Note from lender this morning
USDA Housing Program Eligible Areas
Implementation of the 2010 Census Data was scheduled for October 1, 2013, which would have modified the eligible rural areas for the RHS housing programs.
The National Office of the Rural Housing Service has just sent this notice to State Offices:
“However, it now appears likely that in light of the proposed continuing resolution (CR), the RHS deferral of transition to the 2010 census will not expire on September 30, 2013 but will need to continue for some period after that. Consequently, all plans for implementing the 2010 Census, including three or five year periodic reviews, should be put on hold until further notice from the National Office. We will provide further guidance as soon as we can.”