USDA Guaranteed Rural Housing Funding Update
Dear Licensed Partner,
Per the Fiscal Year 2015 Commitment Notice released September 30, 2014, funding for the USDA Rural Housing Loan Program will not be available for a short period of time at the beginning of Fiscal Year 2015, which begins October 1, 2014. During the temporary lapse of funding, Rural Housing will issue Conditional Commitments “subject to the availability of commitment authority” for purchase and refinance transactions.
Therefore, by working with Sun West, there will be no interruption to your organization or to your USDA Guaranteed Rural Housing applicants as we end Fiscal Year 2014 and begin Fiscal Year 2015.
For any queries, please contact your Client Relations Manager at (855) OK-SUNWEST or (855) 657-8693.
This information is provided to licensed brokers/lenders only and may not be copied or distributed to customers or potential customers. All loans are subject to approval. Certain restrictions may apply. Listed pricing is a morning indication only. Program rates, prices, guidelines, fees, costs, terms and conditions are subject to change without notice.