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USDA Has Funds Available For Home Financing
USDA Has Funds Available For Home Financing 
Effective 06/1/2010

Effective June 1, 2010, USDA Home Loan financing is available to homebuyers.  However there are some major changes to the program.
First: The USDA Funding Fee is no longer 2.00% (two percent)
Second: The "NEW" USDA Funding Fee is 3.50% (three and a half percent)
Third: The GUS System (Guarantee Underwriting System) is currently turned off.  This means that the homebuyer's qualification will be strictly adhered to the USDA Guidelines.
**With GUS; the homebuyer can potentially qualify for a higher sales price
If you have any questions, please call us at 480.344.3671
Academy Mortgage - Mesa, AZ
Ted Canto, Mortgage Consultant
www.academymortgage.com/tedcanto
www.tedcanto.com
www.tendayclose.com
www.arizonamortgageteam.com
 
 
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