USDA fiscal year is coming to an end for 2012. Effective October 1, 2012 which is the start of the Fiscal year 2013 rural development is revising the Up-Front Guarantee Fee and Annual Fee.
Up-Front Guarantee fee will remain the same at 2% for purchases. Refinances are going from 1.5% to 2% of loan amount.
Annual Fee will be increasing on purchases & refinances from .3% to .4%.
USDA offers financing on home purchases with no money down.
If you are looking to purchase a home via USDA Rural Housing you still have time to close before the new Annual Fee take effect.
Give me a call or email if you have any questions or would like to get approved for a USDA Rural Housing loan.
Ron Meyer
(920) 213-0428
www.gsfron.com
rmeyer@gogsf.com
Home of the no appraisal refinance
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Ron Meyer is a Wisconsin licensed Sr. Loan Originator NMLS #222688 with GSF Mortgage Corporation NMLS #1018 located at 300 Patriot Dr. Little Chute, WI 54140 We specialize in financing purchases and refinancing home loan mortgages for all of Wisconsin. As a local lender we pride ourselves on offering quality service before and after your closing. Our underwriting is all done in house, allowing us to have quicker than normal processing time of your loan.
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