USDA Fees Are Increasing On October 1, 2012!
USDA Rural Development and its loan program were designed to help improve the economy and quality of life throughout rural America. The program continues to remain a wonderful option for qualifying homebuyers, with zero down payment required.
But fee changes are coming!
Beginning October 1, the USDA Annual Fee will increase for both purchase and refinance transactions. In addition, the Up-Front
Guarantee Fee will increase for refinance transactions.
If you want to find out what these fees increases could mean to you or someone you know, give me a call today. Home loan rates are still at historically low levels so if you or any of your friends, clients, or colleagues are looking to purchase or refinance a home, this is the perfect time to act…before it will cost even more to do so.