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USDA Eligible Areas Housing Update Courtesy of Pensacola Real Estate Professionals

Benita Grotto Glenn of Prime Lendingbenita head shot Prime Lending rep in Pensacola, Florida recently sent me an email stating that Congress had passed a temporary Continued Resolution meaning that changes to USDA Rural Housing eligible areas had been delayed until mid-December.Prime Lending Logo

She issued an update as of October 22 stating that the USDA will start issuing Conditional Commitments “subject to commitment authority.”

Any Conditional Commitments issued “subject to commitment authority” will contain the following language:

USDA Eligible areas update: The “Continuing Appropriations Act, 2014” (H.R. 2775) was signed into law by the President of the United States. Therefore, barring further Congressional action, current eligible areas for USDA Rural Housing Programs will remain unchanged through January 15, 2014. (H.R. 2775 extends Sec. 731 of H.R. 933 “Consolidated and Further Continuing Appropriations Act, 2013”)

This is Great News!

During this time frame, she said, Prime Lending will allow funding on “subject to commitment authority” provisions, so that your USDA loans will close and fund as scheduled.

A USDA Loan is a home loan insured by the United States Department of Agriculture. USDA Loans offer affordable 30-year terms on real estate with 100% financing. That means: NO MONEY DOWN!!usda rural development

If your credit score meets the minimum requirements, the home being purchased is located in a USDA eligible area (such as Plantation Woods) and the household income meets the requirements, chances are you are eligible for a USDA Loan.

100 percent GW financing

For a limited time, Gulf Winds is offering 100% mortgage financing. Buyers, who qualify can now purchase a home with NO MONEY DOWN and NO MORTGAGE INSURANCE!

Shaun Schiewe Gulf Winds Mortgage Loan OfficerCristy Nash Gulf Winds Mortgage Loan Officer

This is another fabulous advantage for someone looking to buy or build a home. Not being required to have a Down Payment or Mortgage Insurace (PMI) are cost saving measures that will make the home buying experience better than ever!

Contact Shaun Schiewe, Mortgage Loan Officer at 850-479-9601 x 463 or Cristy Nash, Mortgage Loan Officer at 850-479-9601 x 473 for more information. You may also visit for additional details.

Contact me here or call me directly at 850-393-7106, if I can answer any related USDA loan questions.

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