USDA is going infront of Congress next week. They are looking to also eliminate the problem of having to replenish the funds every year.
This is good news for everyone as there are many renters out there that want to buy. They are however not comfortable enough to invest in the purchase due to the lack of security in the job market. USDA is the program for them as the average mortgage payment is close to the average rent payment, no down payment is required, and there is no mortgage insurance.
Get ready for a busy year !!!!
This year will be a great opportunity for those of you ready to purchase.
Thorsten Bernacki
Envoy Mortgage
Friday, April 16, 2010
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