As promised, we are following up on the USDA changes that will limit areas eligible for USDA 100% financing, as referenced here and here.
"Complete applications received prior to October 1, 2014, will continue to use the existing eligible rural area definitions based on 2000 Census data."- USDA
Oregon cities to be excluded:
Albany
Ashland
Bend
Canby
Central Point
Corvallis
Cornelius
Dallas
Damascus
Eugene-Springfield
Forest Grove
Grants Pass
Klamath Falls
McMinnville
Medford
Millersburg
Newberg
Portland metro
Redmond
Roseburg
Salem-Keizer
Sherwood
St. Helens
Wilsonville
Woodburn
This eligibility change has been delayed yet again, which is great news for the peak real estate months of spring and summer!
Take advantage of this program prior to October 1, 2014-- while your dream rural home still qualifies for 100% financing! Contact us today!
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