Home » Archive

Articles tagged with: United States Department of Agriculture

Business, News, Real Estate »

[9 Sep 2010 | 2 Comments | 3,621 views]
Rural Development funds released

For the past four months, home buyers, mortgage bankers and Realtors in Arkansas have waited for the restoration of guaranteed loans through the United States Department of Agriculture’s Rural Development program.
Justin Moore, president of the Mortgage Bankers Association of Arkansas, said the money guaranteeing those loans was released on Wednesday. The Rural Development program, he said, has been a boon to Arkansas homebuyers as it’s one of the very few mortgage products left that requires borrowers to pay no money down when taking out a loan.
“It opens up new financing …

Business, News, Real Estate »

[30 Jul 2010 | One Comment | 4,917 views]
Obama signs off on bill providing more funding for Rural Development

People throughout Arkansas and the nation have been waiting for guarantees from the United States Department of Agriculture’s Rural Development program to purchase homes for a few months now.
On Thursday, President Barack Obama signed a bill that will provide the USDA the authority to guarantee additional loans under the program. That’s good news for Arkansas — Realtors throughout the state have said that Rural Development mortgages have helped people purchase homes in most areas of the Natural State.
Rural Development loans come in two flavors — direct …