USDA Has 3 Versions of Bill in Senate

Just a quick note to update you on the status of USDA.  There are currently 3 versions of the bill in the Senate.  All are very close in structure.  One of the bills have been attached to a supplemental spending bill that needs to get done to fund the armed services and war effort in Iraq.  If all goes well, a vote should happen sometime next week.  If not, our legislators will be on Memorial break from 5/31 until 6/7 which would push the process back to the end of June best case.  Until then, if you have disaster funds in your state/county, you can submit to USDA for their approval certificate.  Without it, USDA loans cannot close.  Once the bill is passed and signed by the President, USDA will need to retool their IT.  They have already been working on this in anticipation of passage so the process should not take long.  Once again, fingers crossed for good news next week.  Any questions about your home financing, please call or email me, Max Leaman: (512) 293-1239.

About Max Leaman Austin Mortgage

GREAT RATES, LOW FEES, CLOSE ON TIME™ ---- 2012 Ranked #1 Austin Residential Mortgage Lender (Austin Business Journal) 2010, 2011 & 2012 Five Star Professional (Texas Monthly) 2009, 2010, 2011, 2012, 2013 PrimeLending Chairman's Circle Award 2009, 2010, 2011, 2012 Scotsman Guide Top Originator (Top 200 Mortgage Professionals in U.S.A.) Better Business Bureau "A+ Rating" National Lender Rankings (Scotsman Guide): Top Purchase Volume (No. 10) Most Loans Closed (No. 32) Top Dollar Volume (No. 88)

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