Rural Lending
Coming Up:
USDA Streamlines Rural Housing Loans, Grants Lenders More Authority
Delegated underwriting and new borrower portal aim to speed closings, reduce friction, and expand access to credit without changing program rules
Rural Housing Markets Feeling The Squeeze
Rural homebuyers need to earn at least $75,000 to afford the typical home, up from $36,000 before the pandemic, with the median home sale price in rural areas up 61% from before the pandemic
Rural Lending Covers A Lot Of Ground
Time to look at a different kind of farming system for originators.
NMP
For Sale By Owner Listings Mostly Used By Rural And Low-Income Sellers
A new report from Zillow found that “For Sale By Owner” listings made up just 4-6% of all monthly listings nationwide and that they are mostly used by rural and low-income sellers.
Mortgage Research Center Releases New USDA Calculator
The free calculator allows users to quickly see updated income limits in their area by household size.
AFR Adds the USDA Renovation Program to Its Suite of Renovation Programs
Eligible homebuyers can combine the purchase of a home with the cost of renovations.
USDA Pilot Program Aimed at Increasing Tribal Homeownership
USDA will loan $800,000 each to two Native Community Development Financial Institutions.