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2014 USDA Eligible Areas Update

Last week, The Agricultural Act of 2014 was approved by the Senate and the House.  Part of this Act includes an important provision championed by the National Association of Home Builders (NAHB) that will enable millions of Americans to maintain access to critical rural housing programs.  These changes that were in place would have restructured eligible USDA area’s making some areas become ineligible.

More than 900 communities nationwide will now be able to maintain their “rural” status allowing residence access to the USDA Rural Housing Program!

This act provides a long-term solution because the legislation keeps the current maps and extends the population definition of a rural area to 35,000 until after the 2020 census.

Interested in learning more about USDA eligibility? Check out our blog about how to find a USDA eligible property.

Looking for more information regarding USDA home loans in New York? Find the details you need to know about USDA mortgages here, or visit our Guide to USDA Home Loans.

Posted in Mortgage & Refinance Programs on Wednesday, February 5, 2014 by Maple Tree Funding