Thursday, September 16, 2010

USDA Wisconsin refinance mortgages are suspended

Just received word today that all USDA nationwide including refinances of Wisconsin mortgages are currently suspended as they have exhausted their funds. If you have a conditional commitment it will still close and fund.

In the meantime if you were looking to do a refinance and want to take advantage of the current low rates give me a call today at (920) 788-9608 as we offer several alternatives to USDA for refinancing your Wisconsin mortgage.

The suspension of funds for refinancing I feel is only going to be temporary.

Thursday, September 9, 2010

USDA is again funding loan

We have been closing USDA loans all along, but we have just receive a letter stating funding has been replenished. They are currently working on the $1.6 billion in conditional commitments issued since May 26th. Due to this current submissions will take a little longer for final approval.