The growth of Rexburg over the past 10 years has brought a lot of change to the upper valley.  One of the changes that we have not been too excited about is the ineligibility of the very popular USDA Rural Development loan in the Rexburg city limits.  Rexburg's population was above the requirement that USDA has set for it to be eligible for this type of loan.  The good news is that they have postponed this through October 1, 2014.  This is a big benefit to the real estate market in Rexburg.  The RD loan has been very popular since it is the only option for 100% financing which is attractive for first time home buyers.  We will continue to be optimistic that Rexburg can remain eligible on a long term basis.

For more information you are welcome to visit http://eligibility.sc.egov.usda.gov.  or call (202) 720-1452