This state has grown Soooo much, that when the 2010 Census maps were drawn up, and analyzed, it showed that 21 Communities in NC was scheduled to lose the opportunity to get mortgage loans approved using the USDA Home Loan Program starting September 30, 2013.
Congress passed the Senate USDA Appropriations bill, S.2375 which included a grandfathering provision. The provision is for places that have gained population and would otherwise become ineligible for USDA Home Loans. This bill would keep them eligible through the end of June 1, 2013 – and while the Senate passed their “part” of the legislation, the House has NOT.
Because there’s been no “complete” decision by Congress, USDA Rural Development Single Family Housing Announced that it will put the new maps in place on September 30, 2013. Many areas in NC will loose eligibility for USDA Home Loan financing, when the updated Census Data is put into place. The current proposed List includes: [Read more...]