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2016-09-21 13:10:31
Breaking News! USDA Loans more affordable

USDA Loans

The upfront guarantee fee and annual fee for USDA Rural Development Home Loans will decrease significantly starting October 1, 2016.

•USDA Rural Development’s Single Family Housing Guaranteed Loan Program provides 100% financing for low- to moderate-income homebuyers (first-time and experienced) who want to buy a home in a designated rural development area. USDA Home Loans are guaranteed through the U.S. Department of Agriculture Rural Development.
•GREAT SAVINGS! Effective October 1, 2016, the upfront guarantee fee for USDA Home Loans will change from 2.75% to 1.00% of the loan amount. The annual fee for these loans will change from 0.50% to 0.35% of the average scheduled unpaid principal balance for the life of the loan.
•For those who are considering buying a home in a rural area, these substantial fee reductions make USDA Home Loans even more attractive.

USDA loans are only available in certain areas like Saratoga Springs and Eagle Mountain, but contact me and I'll get you in touch with a mortgage loan officer that can discuss their programs and eligibility requirements with you.  

 

 
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