Single Family Housing Guaranteed Loan Program
May 26, 2011
Kentucky USDA / RHS Single Family Housing Guaranteed Loan Program
May 26, 2011
GUARANTEED LOAN FUNDING UPDATE: HELP WANTED!
$24 BILLION DOLLARS ALLOCATED FOR GUARANTEED LOANS!
$24 billion dollars is available in Fiscal Year 2011 (through September 30, 2011) in the Single Family Housing Guaranteed Loan Program (SFHGLP). To utilize these available funds, WE NEED YOUR HELP!
SERVE RURAL HOMEBUYERS! In the past, funding shortages due to overwhelming volume and program demand may have prohibited some homebuyers from utilizing the SFHGLP. Fiscal year 2011 will be different! Congress responded to lender requests for more funding and delivered $24 billion for the current fiscal year!
LEND WITH CONFIDENCE! Future Guaranteed Loan Funding Updates will continue to be released in order to keep our lending partners informed of available funding levels.
As of May 26, 2011:
TOTAL $ OBLIGATED: $9.2 BILLION
TOTAL # LOANS: 70,759
OVER $15 BILLION REMAINS TO
SERVE RURAL HOMEBUYERS!
Thank you for your support of the Single Family Housing Guaranteed Loan Program!
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