Ar_home_b_search
 



usda annual fee: ***USDA - 11 Things You Should Know - 10/10/11 09:20 AM
 
The USDA Guaranteed Rural Housing (GRH) loan program has seen some recent changes which became effective 10/1/2011 – decreasing the Funding Fee back to 2.00% and the implementation of a new Annual Fee (much like monthly mortgage insurance).  Even with these changes, the USDA GRH loan is one of the best mortgage options available to many borrowers. 
NOW FUNDING – USDA has begun issuing “Subject to conditional commitments” and as in the prior years, Fairway Mortgage will continue to CLOSE and FUND USDA loans during this period!  USDA Rural Development have TWO different loans – Rural Development loans are … (3 comments)

usda annual fee: *** USDA GRH Changes in < 36 Days! - 08/25/11 03:48 PM
There are some changes to the USDA Guaranteed Rural Housing (GRH) loan that are taking effect on 10/01/2011.   
 
Loans that are not issued a USDA commitment letter prior to 10/01/2011 will be subject to the new annual and up-front fees.  So that means by 09/30/2011!
 
With only 36 days remaining, please let your borrowers know they need to act NOW!
 
Here is an example reflecting the new changes:
 
 
Notes:
(1)    Decreased guarantee fee from 3.5% to 2.00% (which can still be financed into the loan – 102%)
(2)    30 year fixed rate is for demonstration purposes … (0 comments)

 
Doug_capps_-_active_rain Rainmaker_large

Doug Capps, MMS, CLO, CRMS

Hernando, MS

More about me…

Fairway Independent Mortgage Corp.

Address: 224 West Commerce St, Hernando, MS, 38632

Office Phone: (662) 429-5100 x 105

Cell Phone: (901) 412-9590

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog