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05/02/09
Agriculture Dept. backed mortgage loans soar
Filed under: General, Mortgages
Posted by: Lillian Wong @ 2:02 pm

The same government agency known for certifying the quality of hamburger and steak is becoming a prime force in the Arizona housing market.

 

The U.S. Department of Agriculture has guaranteed mortgage loans for many years, much like the Federal Housing Administration and Department of Veterans Affairs, but this year the value of Arizona loans guaranteed by the USDA is on pace to quadruple compared with 2008.   more…


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