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USDA has closed down

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Genkeim
Frequent Contributor

USDA has closed down

Finially found something that specifically mentioned the USDA Rual loan program. Sadly the link to the document on the USDA site is inaccessable becuase the USDA website has been shutdown as well. But the Forbes articles gives all the info.

 

http://www.forbes.com/sites/morganbrennan/2013/10/01/heres-how-the-government-shutdown-will-affect-h...

 

One government lender that will indeed suspend its home loan activity, however, is the Department of Agriculture. The USDA says that no new housing loans or guarantees will be issued through its Rural Development programs in a shutdown. The department also warns that such a scenario could cause “a setback in construction start-up,” and if the shutdown lasts for an extended period, “a substantial reduction in housing available in rural areas relative to population.”

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newmomnewme
Valued Contributor

Re: USDA has closed down

Oh no!!! I am in the process of cleaning up my credit...just for the USDA Rural Development Guaranteed Program. Hopefully this will all blow over soon.  Smiley Sad

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