USDA UPDATE: Will your area be eligible under the new USDA maps?

Attention! USDA area eligiblity updates are underway!

With the USDA Eligibility Updates right around the corner, now is the time the check your area. How are you able to check for new future eligibility? Today’s video tip will walk you through the website step by step to explain how to check for the future USDA eligible areas. This is great information for both Realtors and Homebuyers.

As a reminder, all USDA applications received starting October 1st 2014 will be subject to the new area eligibility maps based on data provided by the 2010 census data and with the new rural definition as updated in the 2014 Farm Bill.

And just to let everyone know, I’ve started a new LinkedIn network entitled: “USDA Real Estate Network”. This group is designed as a way for buyers and real estate professionals to network, connect and share ideas. It also provides a way to stay in the loop on mortgage and real estate trends along with the latest updates on USDA Home Loans. If you would like to join click here- LinkedIn USDA Real Estate Network.

Here’s 3 and easy steps to find the future eligible areas online:

Step 1: Go to the Homepage of the USDA Eligibility Site.

Step 2: On the left hand side scroll down and click “Future Eligible Areas” and click “Accept”

Step 3: In the search box, you can type in a specific address or be more general with a zip code, city or state for an overview of eligible areas. Once the area is found, you can then review for the future eligible area changes and how it may impact certain markets.

Remember these changes will be with all USDA applications received October 1, 2014.

Now is the time to act!

As a USDA approved lender, Metroplex Mortgage Services offers expertise and experience with USDA loans and we are glad to help!