No Money Down OR & CA

USDA announced the official change in program guidelines for the 100% USDA Rural Guaranteed Home Loans officially raising the up front fee to 3.5% Read More

Although I have heard of several lenders that are not processing and funding USDA Rural Guaranteed Loans until Congress re-authorizes funding for the program, we at Alpine Mortgage Planning are funding USDA loans. Read More

Alpine Mortgage Planning is part of Pinnacle Capital Mortgage Corporation, not a huge company in comparison to some like Bank of America and Wells Fargo, but nevertheless, a very respectable size for a regional mortgage bank. One of the key players in our company is the guy that makes sure we have money and that the price of that money is competitive and profitable for the company. That person is Dan Watson, Senior Vice President of Capital Markets for Pinnacle. Read More

According to the announcement I received today, USDA is authorizing the issuance of Conditional Commitments for the Single Family Housing Guaranteed Program (SFHGLP) after the current appropriated funds are exhausted (which they are.) Read More

USDA loan approvals have come to a screeching halt this week as the Rural Guaranteed Home Loan Program ran out of money. As I wrote a few days ago, USDA was going to be issuing conditional commitments but immediately changed their mind. Read More