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To rectify this unfortunate situation, members of Congress are in the process of appropriating more funding for this successful program.

In fact, the House passed a bill sponsored by Congressman Paul Kanjorski of Pennsylvania. The Senate also passed a bill out of the Appropriations Committee which was sponsored by Senator Michael Bennet of Colorado. But even though bills have been passed to keep this program funding new mortgages, there are many who still cannot get a St Louis home loan from the USDA.
So, with all St Louis finance paperwork completed, potential borrowers nationwide are awaiting any news from Washington in regards to when they will be more funding available. The good news is that it was announced that the tax credit has been extended till September 30th which may give these consumers the needed time to close.

The additional monies would definitely be a welcome catalyst for this sinking economy.

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