The U.S. Department of Agriculture (USDA) Rural Development recently announced changes to the rural eligibility designation for some areas throughout Oregon and Washington. Starting June 4, 2018, the following areas will no longer be eligible for USDA financing, including the USDA Rural Development Guaranteed Housing Loan Program:
Oregon
Central Point, OR
Damascus, OR
Hayesville, OR
Grants Pass, OR
Sherwood, OR
Wilsonville, OR
Washington
Battle Ground, WA
Camas, WA
Lake Stevens, WA
Maple Valley, WA
Monroe, WA
Mt. Vernon, WA
Prairie Ridge, WA
Silverdale, WA
Spanaway, WA
Washougal, WA
Wenatchee, WA
Fortunately, other parts of Oregon and Washington remain eligible for USDA home loan financing and the Rural Development Guaranteed Housing Loan Program. Please let me know if you would like more information about this helpful loan program, which offers 100% financing (zero down payment) for eligible borrowers who are buying a home in an eligible area. Call today!
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ROBERT WILLIAMS
Senior Mortgage Banker • NMLS 107465
C: 816.419.7852 | O: 360.433.0190
robertw@go-summit.com
RobertWilliamsHomeLoans.com
Summit Mortgage Corporation • NMLS 3236
Resources:
• Notice of Comments Received on Review of Eligible Areas for USDA Rural Housing Programs
• Notice of Comments Received on Review of Eligible Areas in Washington State