Bridget's Blog


VA may soon be the ONLY 100% financing available...USDA almost out of $$$

Please see below if you know anyone considering utilizing a USDA loan to purchase a home.  Funding is expected to be exhausted by April, 2010. 


This is one of only 2 types of loans still offering 100% financing (the other is VA). 


Contact me if I can help!


Warm Regards,





410-282 6456  office   

410-960-2061 cell

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From: []
Sent: Wednesday, March 10, 2010 8:40 AM
To: ''
Subject: Notice of Funding



   SFH Origination News

From the National Office in Washington DC



Single Family Housing Guaranteed Loan Program





March 10, 2010


Notice of Funding


This message is to notify you that program funding for the Single Family Housing Guaranteed Loan Program will likely be exhausted by the end of April, 2010.


Once funding is exhausted, the Agency will not issue Conditional Commitments "subject to receipt of appropriated funds."  This is because it is not certain when additional funding will be available. 


Limited funding may become available for disaster areas declared in 2008, or in disaster areas declared for Hurricanes Katrina and Rita.  Limited funding may also become available as prior Agency commitments are de-obligated, however, such funding will be very limited. 


We apologize for any inconvenience this may cause you.  Should you have any questions, you may contact the Single Family Housing Guaranteed Loan Division at (202)720-1452.   





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The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, age, disability, and where applicable, sex, marital status, familial status, parental status, religion, sexual orientation, genetic information, political beliefs, reprisal, or because all or part of an individual's income is derived from any public assistance program. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (braille, large print, audiotape, etc.) should contact USDA's TARGET Center at (202) 720-2600 (voice and TDD). To file a complaint of discrimination, write: USDA, Director, Office of Civil Rights, 1400 Independence Avenue, S.W., Washington, D.C. 20250-9410, or call (800) 795-3272 (voice) or (202) 720-6382 (TDD). USDA is an equal opportunity provider, employer, and lender.



Warm Regards,

Bridget McGee  Maryland Mortgage Mama  NMLS# 196068  SWBC Mortgage.   410-960-2061 EHO or


If you are considering purchasing a home in Maryland and want to be sure you are mortgage ready, my brother Tony and I will be happy to help! We help to make the mortgage process a pleasure! 

If you already own your home, we are happy to provide a no-cost mortgage review to help you to determine if refinancing may be in your best interest.  Please contact me at 410-960-2061.

Comment balloon 0 commentsBridget "Mortgage Mama" McGee • March 10 2010 07:30PM