usda mortgage loans: USDA/Rural Development Is Changing Their Annual & Guarantee Fees
- 08/23/16 07:05 AM
On October 1, 2016 USDA/Rural Development Is Changing Their Annual & Guarantee Fees on all conditional loan commitments. These day fee changes seem to be for the worst not the better, but in the case of USDA/Rural Development it is an improvement. On October 1, 2016 USDA/Rural Development will lower their Guarantee Fee (same as a funding fee) from 2.75% to 1.00%, and their Annual Fee (same as MIP) from .50% to .35% on all conditional loan commitments. A conditional loan commitment is the date the Underwriter has fully underwritten the loan, and it is ready to be submitted to USDA/Rural Development … (9 comments)
usda mortgage loans: Make Sure Your Mortgage Loan Officer Is Licensed
- 08/11/10 06:38 AM
By the end of this year, all Mortgage Loan Officers and Mortgage Brokers, that work for a Non-Depository Lender, will need to be licensed in every State in order to take a Loan Application and put a Loan in process, so make sure your Mortgage Loan Officer is licensed. For right now Mortgage Loan Officers for Depository Lenders like Banks, and Credit Unions, are excluded from being required to be licensed, presently all they need to do is be registered under their Lending Institutions License. Up to now licensing for Mortgage Loan Officers was optional for each State, but under the … (61 comments)
usda mortgage loans: Washington DC Cathedral
- 06/07/10 10:54 AM
Yesterday I posted a blog with a picture that I took on my recent trip to Washington DC of the exterior Washington DC Cathedral. Ann Hayden in one of her comments asked where the pictures were of the inside of the Cathedral. So for my friend Ann, here are four of the pictures that my wife took. Hope you all enjoy the pictures.
****************************************************************************************************************** Info about the author: George Souto is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, … (23 comments)
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