John and Melissa Longbrake
John and Melissa Longbrake Sumner Realty

John and Melissa Longbrake Sumner Realty


USDA Updates!

SFH Origination Updates
From the National Office in Washington DC

October 18, 2013

Program and System Availability Update

Several USDA websites/applications were disabled in connection with the recent Federal Government shutdown. This has delayed USDA’s completion of fiscal year-end accounting processes. This process will take several days to complete. The Guaranteed Underwriting System (GUS) will become operational on Monday, October 21, 2013.

Other internal USDA systems will not be operational until late next week. For example, USDA will be unable to process lender submitted loan closings until late next week.

We are uncertain when fiscal year 2014 funding will become available in the system. Thus, beginning on Oct. 21, 2013, we will begin issuing Conditional Commitments “subject to commitment authority.” Any Conditional Commitments issued “subject to commitment authority” will contain the following language:

“Funds are not presently available for this Conditional Commitment. The Rural Housing Service’s obligation under this Conditional Commitment is contingent upon the availability of an appropriation from which payment for contract purposes can be made. No legal liability on the part of the Rural Housing Service for any payment on this Conditional Commitment may arise until funds are made available to the Rural Housing Service State Office where the application was submitted for this Conditional Commitment and until the Lender receives notice of such availability, to be confirmed in writing by that Rural Housing Service State Office. More specifically, this Conditional Commitment is subject to the Rural Housing Service receiving sufficient funds (in the Program Financial Control System for the Single Family Housing Guaranteed Loan program for the Type of Assistance and State of application submission) to fund this and all prior eligible outstanding applications in their entirety in the time and date order received in the State of application submission. When such funds become available, Rural Development will notify the lender, and the guarantee process will continue subject to all applicable Agency regulations and conditions set forth in this Conditional Commitment. Rural Development will not reserve loan funds for applications in process during this timeframe. Lenders may close the loan as scheduled. The lender will assume all risk of loss for the loan until Rural Development obligates funds and the Loan Note Guarantee is subsequently issued. When the lender requests the Loan Note Guarantee, the lender must certify to the Agency, using the process provided in this commitment, that there have been no adverse changes to the borrower’s financial condition since the date the Conditional Commitment was issued by the Agency. The lender will submit the appropriate guarantee fee at the time they request the Loan Note Guarantee. The loan will be subject to an annual fee of 0.4 percent of the average scheduled unpaid principal balance of the loan. The Agency will not be able to issue the Loan Note Guarantee until these conditions are met and funding is obligated.”

Eligible areas for USDA Rural Housing Programs: The “Continuing Appropriations Act, 2014” (H.R. 2775) was signed into law by the President of the United States. Therefore, barring further Congressional action, current eligible areas for USDA Rural Housing Programs will remain unchanged through January 15, 2014. (H.R. 2775 extends Sec. 731 of H.R. 933 “Consolidated and Further Continuing Appropriations Act, 2013”)

Questions regarding this message may be directed to the National Office at (202)720-1452

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Picture of John and Melissa Longbrake Sumner Realty

John and Melissa Longbrake Sumner Realty

Principal Broker and Affiliate Broker

615-965-8922615-965-8922 main


102 Hazel Path Ste. 6 Hendersonville, TN 37075

The Longbrake Team

Innovation and creativity are the earmarks of what businesses possess in order to not only to survive but to thrive.  This is the foundation of how the Longbrake Team, a husband and wife team with over 20 years of experience are operating a successful real estate business known as Sumner Realty in Hendersonville, Tennessee.

According to John and Melissa "We understand that each of our listings are someone's investment and is unique in its own way.” We create a detailed marketing plan for each property we list and typically close each listing within 90 days. John and Melissa have found that utilizing their social networks and sphere of influences to spread the word about their listings have improved their success rate in selling homes. 

John and Melissa Longbrake, Broker/Affiliate continue to soar in the area of World Class Customer Service and Sales in the Tennessee market. For more information about their service please call: 615-681-7707