Tuesday, October 15, 2013

USDA's Rural Development Mortgage Program offers a no down payment, 30-year fixed government loan for rural homeowners.



The USDA's Rural Development Mortgage Program offers a no down payment, 30-year fixed government loan for rural homeowners. CNBC's Diana Olick reports on the impact of the government shutdown to these loans.



Kentucky — I am a mortgage broker in Kentucky. I work straight commission. I had three USDA mortgage loans scheduled to close but now they can’t due to Government shutdown. I need this money to support my family, not to mention the ripple effect of real estate agents, buyers, sellers, title company, insurance.

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Joel Lobb (NMLS#57916)
Senior  Loan Officer
502-905-3708 cell