purchase: USDA Announces 2011 Funding Availability - 11/07/10 03:05 AM
USDA has just announced that funding for the Single Family Housing Guaranteed Loan Program is now available for the 2011 fiscal year.
Purchase loans will be subject to a 3.50% upfront guarantee fee.
Refinance loans will be subject to a 1.00% upfront guarantee fee.
These upfront guarantees remain unchanged from September's revision from when the USDA program was restarted.
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