Is it possible to apply for USDA Loan in Northern Virginia?
USDA means United States Department of Agriculture. The loan is insured by the Federal Government. USDA loans were developed to help families own a home in small communities or rural areas.
For mortgage purchase loans, USDA will be increasing the one-time guarantee fee starting October 1, 2012. This fee is charged to the lender and the lender passes on this expense to the borrower. The lenders at Fairway are able to get your file to USDA in less than 21 days and possibly prevent you from paying an increased fee.
If you were thinking about buying a home, stop thinking and get it done!
Contact John Engel at Fairway Independent Mortgage Corp. His direct line is 703-283-2351. Tell him Misstie sent you.
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