|
|
| |
lowering: USDA is Lowering Their Fees 10/1/16
- 09/27/16 01:14 AM
USDA has announced some fantastic news for their loans. On all loans that USDA issues commitments on or after October 1st, 2016 they are lowering their fees. USDA commitments are when USDA officially issues an approval. When doing a USDA loan your mortgage lender issues an approval and then it goes to USDA for them to issue their approval. Here is a break down of the new fees:
Upfront Guarantee Fee- This fee is currently 2.75% of the loan amount and on October 1st, 2016 will be 1%. This fee is rolled into your loan amount and this is a huge … (1 comments)
|
lowering: VA Funding Fee is Lowering 10/1/11. Great News for VA Buyers!!
- 09/02/11 07:11 AM
Effective with loans closed on and after October 1, 2011, the following VA Funding Fee will be lowered. For those with 0% down payment(and 1st VA loan) the VA Funding fee will go from 2.15% to 1.4%. On a $150,000 loan that will save you about $6 a month. Not huge savings, but every dollar counts in today’s market!. Here are the Changes :
Down Payment: 0 – 4.99%
There is no change in the funding fee amounts for Interest Rate Reduction Refinance loans, Native American Direct loans, or Loan assumptions.
VA Loans are unique Compared to most loans, … (4 comments)
|
|
|
|
|
|
|
|
USDA has announced some fantastic news for their loans. On all loans that USDA issues commitments on or after October 1st, 2016 they are lowering their fees. USDA commitments are when USDA officially issues an approval. When doing a USDA loan your mortgage lender issues an approval and then it goes to USDA for them to issue their approval. Here is a break down of the new fees:
;)
;)
;)
