Comments on: USDA Loans Refinance Funds Now Available

By: pauldunn

pauldunn — Fri, 22 Apr 2011 21:31:06 +0000

@ Sveta – We only lend in Arizona. It sounds like you have a Direct loan. You should contact your local Rural Development office for more information.

By: Sveta

Sveta — Mon, 04 Apr 2011 16:52:28 +0000

We have an USDA Rural Development loan (section 502) at fixed rate for 12 years.
Does we qualify to refinanse our mortgage for lower rate with the same RD?
WA state.

By: pauldunn

pauldunn — Fri, 23 Apr 2010 20:42:20 +0000

@James – They are similar to qualify for an FHA streamline, your existing loan must be FHA. To qualify for the USDA refinance, your existing loan must be a USDA Loan.

By: James

James — Fri, 02 Apr 2010 07:36:18 +0000

USDA Streamline Refinance. How is it different than an FHA Streamline Refinance, and how is it the same?

By: Steven

Steven — Tue, 03 Nov 2009 20:14:03 +0000

Unfortunately I don’t live in Arizona. But your blog seemed very knowledgeable so I figured I would see if you knew where I could find out about this! Thanks.

By: pauldunn

pauldunn — Tue, 03 Nov 2009 18:52:22 +0000

Steven – that’s a good question. If you are buying in Arizona, you can put an application in at the Get Started tab above. I have checked and you have not put an application in with us. Also, while USDA does run out of funds this time of year it is a temporary thing and while most lenders will stop funding USDA we continue to fund the USDA Loans regardless.

By: Steven

Steven — Tue, 03 Nov 2009 18:28:41 +0000

We had a USDA loan application in Oct. 7th and still haven’t
hear back. A few weeks back we recieved an e-mail stating “USDA Guaranteed Loan Funds Exhausted Effective October 27, 2009″. Is there any projection on when the 2010 funds will be available? Has bill been signed yet? we feel a little in the dark, and any help would be appreciated!