USDA FUNDING FEE CHANGES!

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!