Can Maine Save the USDA RD Mortgage?

The USDA Rural Development Loan is a congressional funded program. Due to the fact they are obviously showing interest in other issues at this time, we must contact them immediately explaining (and reminding them of) the obvious impacts.  We have an obligation as tax paying citizens to voice our concerns and displeasures to our local Senators and Congressman.  We have an obligation to work to reinstate this for our current and future clients.

Contact your Maine  representatives here:

Collins, Susan M. – (R – ME) Class II
(202) 224-2523
Web Form:…
Snowe, Olympia J. – (R – ME) Class I
(202) 224-5344
Web Form:…

You may want to write something such as this sample letter:

Dear __________,
It has come to my attention that the funding for USDA Rural Development Loans for Single Family Residences will be exhausted by the end of April 2010.  This funding is vital to so many Maine home buyers in todays current economy.  The fact that these funds will expire in conjunction with the termination of the federal tax credit will be a detriment to the real estate and housing markets here in Maine and across the country.  Please consider applying additional funds for Maine’s USDA Rural Development Loans for Single Family Residences and/or extending the federal tax credit for first time and repeat home buyers.  Our economy depends on it.

Feel free to cut/paste information from this blog post as needed.  Please feel free to re-blog this information…send it to your friends, family, real estate agents, mortgage professionals, and anyone else you can think of to help. Please take time yourself to act. I ask that you please spend the very small amount of time to accomplish this request. This affects the real estate industry as a whole.

When Maine works together, we make a difference.

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