Rate Update - Federal Funds Run Short for USDA Loans

Bonds held strong this week again keeping rates low.  During the trading day bonds show volatility and we could be in for a jump anytime soon.  We are a little surprised that it has held this long.

USDA - It appears that the Feds have not approved additional funding for USDA loans.  Warning signs went up all day, that funds were running out.  We do not expect this to be long term but it is a little odd that funding is running out this early in the year.

Remember we can now do loans in North Carolina, South Carolina, Georgia, Virginia, West Virginia, Delaware, DC, Maryland and Pennsylvania.

If any of your customers are moving here from one of these states and needs to pull cash out of their primary residence to make the deal happen, we can help. 

Also, we can do 80% on doublewides for primary residences only.  Rates are decent.  Look at the attached rate sheet.

We have one of the best deals on Construction-Perm loans, going to 80% for both primary and second homes.  NO Money down....only at the end with an approved permanent take out loan.  We can even do FHA, VA or USDA as a permanent take out, if the borrower qualifies and there can be only 0 to 3 1/2% of the buyers money in the whole transaction.  
For more information call Vince Bacchi at 910 352 6562 or e mail at union-mortgage@atmc.net