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Unfortunately I think they may be right. :( It's not a deadline issue so much as a running out of money issue, which makes it even more precarious, but their website does say they expect the funds to be exhausted by the end of April. I would call your local USDA Service Center or maybe even your state office to be 100% sure, though.
Can you possibly switch to FHA financing?
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Okay so I stress out over everything. We went and met with our lender today and we got pre-approved for a mortgage. YAY! I was thrilled, BUT!! we originally decided to get the house based purely on the fact that we were eligible for a USDA loan. Well our lender states that they said the funds are scheduled to expire by April 30th. Now I’m worried we won’t be able to get the house because we can’t get the USDA loan. Any of you bees know anything about this stuff? I’m super confused. I asked why we wouldn’t be okay since we were signing our contract before April 30th. I was under the impression it was a guaranteed loan. He said we needed to close before April 30th. Anyone have any ideas about this?!