usda mortgage: USDA Upfront Guarantee Fee and Annual Fee Increase - Oct 2014
- 09/15/14 10:09 PM
The U.S. Department of Agriculture (USDA) announced they will be increasing the upfront guarantee fee for refinance loan transactions as well as the annual fee on all purchase and refinance Rural Development home loans on October 1st, 2014.
The upfront guarantee fee for the USDA Rural Development purchase transaction loan has not changed and will stay at 2%. The upfront guarantee fee for a refinance transaction loan has changed from 1.5% to match the purchase loan at 2%.
The annual USDA guarantee fee has changed for both purchase and refinance loans from .4% to .5%.
The U.S. Department of Agriculture (USDA) announced they will be increasing the upfront guarantee fee for refinance loan transactions as well as the annual fee on all purchase and refinance Rural Development home loans on October 1st, 2014. 
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