Chamber News

USDA RD Loans Eligible for Sand Springs Ok

Sand Springs Rural Development Program Eligibility for Local residents

Sand Springs, OKThe Sand Springs Chamber of Commerce is pleased to announce that residents of Sand Springs will be eligible for Rural Development Programs sometime early 2017.  The portion that is eligible at this time will be outside the city limits but within the fenceline of Sand Springs.  The Sand Springs Chamber and City of Sand Springs have been working with the USDA to have the map of Sand Springs rewritten to accommodate residents within this program.

Quote from Tommy Earls with USDA:

In accordance with notification requirements found in 7 CFR 3550, we are  hereby notifying the public in general, and more specifically the residents   of areas in and around Sand Springs, OK of projected changes to the areas eligible for USDA Rural Development Assistance. Several areas  around the Sand Springs corporate limits contained within a so-called “fenceline” are currently ineligible. Oklahoma USDA Rural Development is proposing to remove this fenceline area from their current ineligible status and make these areas eligible for Rural Development programs. Sand Springs corporate limits will remain ineligible for Rural Development programs.

 What is Rural Development Programs

USDA is a part of USDA Rural Development, our mission is to be a cost-effective service provider that strives to help homeowners and their families remain successful homeowners throughout the term of the loan.

Our home loans are serviced by the Centralized Servicing Center (CSC), located in St. Louis, Missouri. The CSC services mortgage loans and grants to individuals in rural areas throughout the United States, Puerto Rico, American Samoa, Virgin Islands and the Pacific Trust Territories.

If you would like information about obtaining a home loan with Rural Development, contact your local service center (http://rdhomeloans.usda.gov/)

The areas that are within the city limits have also been addressed.  To make the city limits of Sand Springs eligible for RD Loans a legislative ruling must be submitted and passed.  Senator Inhofe has all of the information needed for the legislative process.  A timeline for this process has not been given by Senator Inhofe’s office.  Senator Inhofe, Congressman Lucas (Osage County) and Senator Lankford are all working together to make this a reality for the residents of Sand Springs Ok.

For more updates on development and Chamber happenings, please visit https://sandspringschamber.com/.