ATTENTION HOMEBUYERS: USDA (GRH) FUNDING UPDATE
FISCAL YEAR 2012 FUNDS AVAILABLE UNDER
CONTINUING RESOLUTION!
Fiscal Year 2012 funds have been made available for purchase transactions for the USDA Rural Development Loan Program under a Continuing Resolution which expires on November 18, 2011.
At this time we can only provide funding information through the expiration of the current Continuing Resolution (November 18, 2011), however, we will advise of any changes in funding as soon as they become available.
Georgia's #1 USDA Rural Development Lender
Jeff Wilmoth | Homestar Financial Corporation
848 Jesse Jewell Parkway Gainesville, GA 30501
Direct: (404) 597-5662 | Jeff@JeffWilmoth.com
Mortgage Loan Originator NMLS ID: 206798 | Homestar Financial Corporation 770 503-0380, a Georgia Corporation, NMLSR# 70864, holds the following licenses: Nationally Approved USDA lender USDA GRH program, HUD Mortgagee ID #1897400009, VA Lender ID #64103600000, Georgia Residential Mortgage Licensee # 17368
ATTENTION HOMEBUYERS: USDA (GRH) FUNDING UPDATE
In recent years, funding shortages due to overwhelming volume and program demand may have prohibited some homebuyers from utilizing the USDA Guaranteed Rural Housing Loan Program. Fiscal year 2011 is different and Congress has responded to lender requests for more funding by delivering $24 billion for the current fiscal year (through September 30, 2011)!
As of May 26, 2011 Over $15 BILLION REMAINS TO SERVE USDA GRH RURAL HOMEBUYERS!
BUY WITH CONFIDENCE!
Future Guaranteed Loan Funding Updates will continue to be released in order to keep our customers informed of available funding levels.
Jeff Wilmoth | Homestar Financial Corporation
848 Jesse Jewell Parkway Gainesville, GA 30501
Direct: (404) 597-5662 | Jeff@JeffWilmoth.com
Mortgage Loan Originator NMLS ID: 206798 | Homestar Financial Corporation 770 503-0380, a Georgia Corporation, NMLSR# 70864, holds the following licenses: Nationally Approved USDA lender USDA GRH program, HUD Mortgagee ID #1897400009, VA Lender ID #64103600000, Georgia Residential Mortg # 17368
Fiscal Year 2011 Funding for the USDA Guaranteed Rural Housing Program
October 1st, 2010 marked the beginning of Fiscal Year 2011 for USDA Rural Development. Traditionally, when a new fiscal year begins there is a brief delay in available funding. Such is the case this year, as USDA Rural Development awaits confirmation of funding. During this time, USDA will continue to accept and review new loan applications for purchase transactions and issue modified loan approvals referencing that the approval are "subject to the availability of congressionally appropriated funds".
HomeStar Financial Corporation is the largest producer of USDA Guaranteed Rural Development loans in Georgia. Just as in previous years, HomeStar Financial Corporation will continue closing USDA Guaranteed Rural Development loans with these modified loan approvals. Therefore, by choosing to work with HomeStar Financial Corporation there will be no interruptions of service to any USDA Guaranteed Rural Housing applicants as we begin Fiscal Year 2011.
Jeff Wilmoth | HomeStar Financial Corporation...Serving all of Georgia!
848 Jesse Jewell Parkway Gainesville, GA 30501
Direct 404.597.5662 | EFax 678.623.0444
jeff@jeffwilmoth.com | Apply online: www.JeffWilmoth.com
Mortgage Loan Originator NMLS ID: 206798; HomeStar Financial Corporation NMLS ID: 70864; Georgia Residential Mortgagee Licensee #17368; Nationally Approved USDA lender USDA GRH program; FHA Lender ID - 897400009; VA - 64103600000
On September 8, 2010, funding for the USDA Guaranteed Rural Development Program was restored nationwide.
As a result, Georgia Rural Development Field Offices will be completing the funding process for loans which received "Subject to" Conditional Commitments. This process will take priority over new file submissions. There are over 500+ "Subject to" files for the Georgia Rural Development Field Offices to process.
New loans will be held until all "Subject to" obligations have been completed. We have been advised that it will take the State of GA approximately 1 ½ to 2 weeks to complete the backlog of all files.
Many USDA RD files in processing with HomeStar were targeted to close approximately 2 weeks prior to the contractual dates. As of September 9, 2010, we expect all files to close according to the terms of the contract.
Jeff Wilmoth | HomeStar Financial Corporation...Serving all of Georgia!
848 Jesse Jewell Parkway Gainesville, GA 30501
Direct 404.597.5662 | EFax 678.623.0444
jeff@jeffwilmoth.com | Apply online: www.JeffWilmoth.com
Mortgage Loan Originator NMLS ID: 206798; HomeStar Financial Corporation NMLS ID: 70864; Georgia Residential Mortgagee Licensee #17368; Nationally Approved USDA lender USDA GRH program; FHA Lender ID - 897400009; VA - 64103600000
Funding Restored for the USDA Guaranteed Rural Development Program
Effective September 8, 2010, USDA Rural Development has announced that the Agency has completed all system enhancements to support the newly legislated guarantee fee of 3.5% and that funding for the USDA Guaranteed Rural Housing (GRH) Program has been fully restored.
If you would like further information about the USDA Rural Development Program, then your first step should be to call a HomeStar Financial Corporation Mortgage Professional at 404-597-5662. HomeStar Financial Corporation, a Nationally Approved USDA lender is the #1 USDA Lender in Georgia!
Jeff Wilmoth | HomeStar Financial Corporation...Serving all of Georgia!
848 Jesse Jewell Parkway Gainesville, GA 30501
Direct 404.597.5662 | EFax 678.623.0444
jeff@jeffwilmoth.com | Apply online: www.JeffWilmoth.com
Mortgage Loan Originator NMLS ID: 206798; HomeStar Financial Corporation NMLS ID: 70864; Georgia Residential Mortgagee Licensee #17368; Nationally Approved USDA lender USDA GRH program; FHA Lender ID - 897400009; VA - 64103600000
Mortgage Loan Originator NMLS ID: 206798 HomeStar Financial Corporation, a Georgia Corporation, NMLS ID: 70864 Nationally Approved USDA lender USDA GRH program HUD DE Lender License No.1897400009
HomeStar Financial Corporation is a full service Mortgage Lender, serving all of Georgia. Our team is committed to providing our clients with the highest quality financial services combined with Low Georgia Mortgage Rates. HomeStar Financial Corporation's outstanding Mortgage professionals will work with you one on one to ensure that you get a Georgia Mortgage that is tailored specifically to meet your financing needs. We make the process of securing a mortgage simple and straight forward by offering you the latest in financial tools that enable you to make sound financial choices.
Whether you are a Georgia First Time Home Buyer, purchasing your Dream Home, wanting to Refinance an existing Mortgage Loan, or Consolidate Debt, our highly experienced team of Georgia Loan Officers can help you find the right loan program at the lowest rate no matter what your needs are.
Our ultimate goal is to create lasting relationships with each of our clients so that we may continue providing excellent service for many years to come. Your information will always be kept safe and secure, so you can rest assured that you are in good hands. Our name is trusted throughout the lending community in Georgia and unlike many of the larger nationwide mortgage companies, we provide first-hand knowledge of Georgia Real Estate and Georgia Home Loans.
To speak directly with an experienced mortgage professional simply give us a call (404) 597-5662 or feel free to utilize any of the interactive tools offered throughout our website. We look forward to working with you on your Georgia Real Estate and Georgia Mortgage needs.
We offer Real Estate Mortgage Financing for Purchase, Refinance, and Debt Consolidation Loans, while offering some of the lowest rates in the industry. We specialize in USDA Rural Housing 100% Financing, FHA, VA and Conventional Mortgage Financing. We also feature Real Estate for sale throughout Metro Atlanta in Fulton, Fayette, Coweta, Henry, Clayton, Heard, Meriwether, Pike and Troup Counties. Be sure and visit our Real Estate links to see what fabulous deals are out there in this BUYERS market!!
Darby Durand-Pippin, V.P. Dan Ric Homes. LaGrange, GA
"Thanks so much for all the communication and great work!"
Darby Durand-Pippin, V.P. Dan Ric Homes
Chad & Jackie G. Ringgold, GA
Jeff,
Just wanted to say again how much I appreciate everything! We heard some fantastic things about you today. The loan closer was talking about how pleasant and fantastic you were to work with, how easy the closing packet was. I don't know if we could have done this without your guidance and the countless questions you answered! You truly made the hardest, scariest part of buying a home the easiest! Should we ever buy another house, we will definitely call you! I will be glad to refer anyone looking to buy a house your way. I wish you and your family a very safe and happy holidays! Thanks again!!
Jackie G.
Kim S. Sharpsburg, GA
Jeff~
I wanted to take a moment to Thank You for all you did in educating & advising me during the purchase of my 1st home. After hearing all the horror stories about buying a house & being very skeptical of all the "Smoke & Mirrors" out there- you made this a very painless experience & kept me updated all the way through- unlike any other lender I had spoke with you were available 24/7 & Johnny on the Spot!
Thanks Again & I will recommend you to anyone I know in the market!
Kim S.
Aundre & Jenifer R. Stockbridge, GA
It was a pleasure working with you. You made the process easy, as you know it can be difficult for people in knowing all of the ends and outs of buying a home. I will definitely keep your number handy and refer people your way.
William B. Turin, GA
I'd like to say that it's always a pleasure working with you. You have a pleasant yet aggressive disposition about you that makes you good at what you do.
Joshua & Jessica W. Senoia, GA
My husband and I were tired of renting. We dreamed of a home we could paint, invest in, and make our own. Jeff Wilmoth, through Homestar Financial Corporation, helped to make our dream a reality. We had a lot of requirements: we had to close within 30-45 days, we couldn't afford a large down payment, and we wanted a low interest rate on our loan. We also had a limited budget. With Mr. Wilmoth's insight, he helped us to pinpoint our maximum loan amount with an ideal monthly payment. He took the mystery out of buying our first home. We would certainly use his services again and would recommend Mr. Wilmoth to anyone looking for an enjoyable mortgage company experience!
Jessica W.
Tim U. Newnan, GA
I have really bragged about you and confessed the gospel about how you saved me so much money! The competition isn't even in the ball park when it comes to your rates!
Bryan K. Senoia, GA
I just wanted to thank you for all your hard work on trying to get my loan though in such a fast time frame!
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