Lake County may lose rural status for USDA housing programs
Now that Lake County is the seventh fastest growing county in the state according to our Lake County Economic Development Department, we may be at risk for losing this loan for our area. USDA is conducting a review of all areas under its jurisdiction to identify areas that no longer qualify as rural for housing programs. The last rural area reviews were performed in 2012-2013 using the 2010 census data.
If you have been considering buying a house with no money down, don’t delay! Reach out to The Catherine Hanson Real Estate team or contact me, Mary Rhodes, from The Mortgage Firm for more information.