Thursday, October 18, 2012

Call for Action: Preserve Access to Safe and Affordable Mortgages

Potential homeowners in small but growing communities across the country face unique difficulties in finding access to safe, affordable mortgage financing.  Although the name, Rural Housing Section 502 loan program (RHS), implies a limited client base, the RHS is instrumental in providing the mortgage financing that opens up opportunities for homeownership in small but growing communities. Roughly 900 communities across the country will soon lose eligibility for Rural Housing Service programs like Section 502.  Unless Congress acts, thousands of American families will lose access to safe and affordable mortgages.

During a time of fiscal constraints it is important to understand that the Section 502 program is completely self-financed.  Maintaining access for the affected communities will not add one penny to the federal budget.

Strong communities, large and small have always been the key to a strong America.  Whether you live in an urban area, suburban, exurban community or a small farming town as a REALTOR® we need you to remind Congress to keep the door to homeownership open in all housing markets.

Please take action today and urge Congress to pass legislation that extends the eligibility of existing communities for programs of the RHS

Take Action NOW by clicking on the link below!
https://realtorparty.realtoractioncenter.com/site/Advocacy?pagename=homepage&page=UserAction&id=2267&AddInterest=1361