Did You Know That USDA Rural Area Eligibility Maps Have Been Delayed?
Attention! The USDA Rural Area Eligibility Maps have been delayed!
I know everyone has been preparing for the upcoming USDA rural area eligibility map changes, but today’s video will cover further details on how to both prepare for and maximize this opportunity.
The implementation of the new Rural Area Maps has been DELAYED! The changes previously scheduled, DID NOT take place on October 1, 2014. For now, continue to use the current property eligibility maps on the Rural Development website and disregard the future eligibility maps.
On September 19, 2014 the Continuing Appropriations Resolution was signed. The purpose of this Continuing Resolution (CR) is to fund the government through 12/11/14 which also included a provision to extend all policies currently in effect. As a result, eligibility under the existing Rural Definition—extends eligibility for all communities that are currently eligible for USDA Rural Housing Programs—through the term of the CR (December 11, 2014).
In short, this extension of the USDA Rural Area Eligibility Maps will provide a couple additional months for homebuyers and Realtors to find properties that they previously thought were going to be ineligible.
Keep in mind, we do have a shortened window of opportunity. For those who have interest in properties that remain eligible through 12/11/14, so please contact your Realtor immediately and let my office know if we need to update your USDA pre-qualification in order to be prepared.