1035 financing: USDA Loan 3.50% Guarantee Fee - 07/03/11 03:23 AM
USDA Loan 3.50% Guarantee FeeĀ 
One of the most frequent questions that come up when discussing the USDA Loan program is the 3.50% fee that appears on the good faith estimate. USDA Loan are a "budget neutral" loan program offered through the U.S. Department of Agriculture. This means that the loan doesn't rely on U.S. tax payers for funding or assistance. Instead the program is self-funding through the 3.50% "Guarantee Fee" charged at the settlement table. This is a straight pass through fee from the lender to U.S. Department of Agriculture.
The 3.50% Guarantee Fee is calculated at a flat 3.50% … (1 comments)

 
David Zuckerman, Mortgage Broker - Low-to-no downpayment mortgages (Millennial Home Loans, LLC)

David Zuckerman

Mortgage Broker - Low-to-no downpayment mortgages

Sykesville, MD

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Millennial Home Loans, LLC

Address: 1722 Splendor Drive, Woodbine, MD, 21797

Office: (866) 552-5912

Mobile: (443) 791-9333



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