Rural Development Loan Changes For Palmer and Wasilla Alaska October 16th, 2013

Categories: For Buyers

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Rural Development loans have long been a part of our real estate landscape in the Mat-Su Valley. When I was first licensed, the city of Palmer was the only area that qualified for Rural Development loans. Sometime later the rest of the Valley opened up to it.

Now, since October 1, certain areas are no longer considered rural as far as the United States Department of Agriculture,(USDA)is concerned. Yes, the USDA administers a mortgage loan program for rural areas of the United States. Anchorage of course does not qualify, but much of the valley does.

Recently, a map was produced to show the areas that did not qualify for this program. The Wasilla and Knik-Fairview areas were high-lighted in a recent census as the fastest growing areas in Alaska. Apparently this caught the eye of the USDA because that is the area that was disqualified.

Here is a link to the map on USDA’s website. Hopefully when the government is running again it will work. Here is a adobe image of the map rd map

If you have any questions about the Rural Development loans to see if you might qualify for this zero down program give us a call.

Marty 907 232=7900
Jay 907 232-4852

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Written by Marty Van Diest

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