USDA
- For Purchase transactions, the up-front guarantee fee will be lowering from 3.50% to 2.00%.
- An Annual fee ( similar to FHA’s annual fee) of 0.30% will be implemented, in addition to the up-front guarantee fee.
These Changes are effective for loans with Conditional Commitments issued on, or after Saturday October 1, 2011.
Feel free to contact us anytime to discuss this topic!
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