usda lee county: USDA /Rural Development Home Loan Refinance
- 06/25/11 04:54 PM
Requirements for refinancing to a USDA mortgage - We receive many questions about the 100% USDA home loan and using this program to refinance an existing mortgage. First and foremost - the mortgage you currently have must be a USDA Mortgage. You cannot use the USDA loan to refinanced out of an existing FHA, VA or Conventional mortgage. If you currently have a Florida USDA mortgage, please read the requirements below -
•1. Fixed rate 30 year fix term only for USDA refinance. •2. No Cash out allowed for USDA refinance. •3. 1% USDA Guarantee Fee is included or "rolled into" … (0 comments)
Requirements for refinancing to a USDA mortgage - We receive many questions about the 100% USDA home loan and using this program to refinance an existing mortgage. First and foremost - the mortgage you currently have must be a USDA Mortgage. You cannot use the USDA loan to refinanced out of an existing FHA, VA or Conventional mortgage. If you currently have a Florida USDA mortgage, please read the requirements below -
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