Icon to Continue closing RD loans despite exhausted USDA funding.
Many of you may have read that the USDA will exhaust funds allocated for the Guaranteed Rural Housing Loan Program some time on Thursday May 12 th . In response, Icon Mortgage Lending is pleased to announce that we will continue to close all RD loans just as if it were "business as usual". This announcement comes after months of various unqualified sources disputing over when the USDA in fact would be exhausted of funding. Many had alleged that the Rural Housing Program had already closed its doors as of April 1st. Of course, those that follow the Icon Mortgage Lending blogs and news sourced knew that this was indeed an April Fool's Joke of the highest order. As promised, we have continued to close and table fund Guaranteed Rural Housing Loans over the past two months as other lenders dropped out of the program despite the massive needs of their local communities. In the future you can follow all of the most up to date and accurate Rural Housing News by subscribing to thi