USDA Funding FY 2010?

We were supposed to close on our house today, and due to unforseen circumstances that had nothing to do with us, our closing date got pressed further along. I was told earlier this month that USDA ran out of money, then that USDA had fund, and now I'm kind of feeling that there's a gray area, and maybe I'm not getting all the answers. I've attempted looking it up on the web, and I can't find anything set in stone. I have found sites that say "yes USDA is funded, ready to go" I have read "no, people are still having to wait" and i've even read "there are leftover funds from the previous fiscal year which will be used" and "usda funds may not be available until early next year". I'd really like to get a straight answer if there are any USDA/mortgage gurus out there and please site a real source!!! I asked this question earlier, and I was not happy with some of the answers I got, mainly because they were opinion. I am not here to be judged or criticized for the foreclosures in the United States, NOR am I the cause, so if you want to opinionate please do it elsewhere. I am looking for facts, because I feel my lending co may not be completely honest with me, and I'm tired of the run around. Thank you for your answer, our delay is currently a clear title, which has been founded, but we are "awaiting the title company" to send proper documentation to our underwriter. I wanted to make absolutely sure we were going to be funded, and that we haven't been wasting our time. Do you have a source that states this?

1 month ago - 0 answers