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.
Ron Meyer is a Wisconsin licensed Sr. Loan Originator NMLS #222688 with GSF Mortgage Corporation NMLS #1018 located at 300 Patriot Dr. Little Chute, WI 54140 We specialize in financing purchases and refinancing home loan mortgages for all of Wisconsin. As a local lender we pride ourselves on offering quality service before and after your closing. Our underwriting is all done in house, allowing us to have quicker than normal processing time of your loan.
Thursday, September 16, 2010
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.
Subscribe to:
Posts (Atom)