USDA & FHA Mortgage Source

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Mortgage and Lending - USDA / FHA Mortgage Source
Serving all 50 states nationally - 100 percent USDA Rural Housing Home Loans. Rural Development mortgage. Serving First Time Buyers and existing homeowners throughout the US

ARCHIVED BLOG POSTS

2012 

  The new USDA Rural Development Pilot refinance program has been helping many homeowners save money by lowering monthly mortgage payment.  We have received many great questions about the new USDA refinance program and listed some of them below. To read in detail about the USDA refinance program...
10/30/2012
The upfront USDA Guarantee Fee for all new refinance loans and the Annual Fee for both purchase and refinance loans will increase for the new fiscal year beginning October 1, 2012, through September 30, 2013.   Effective October 1st, 2012, the new fees will be as follows: Up front guarantee fee ...
10/25/2012
The updated version of HARP 2.0 mortgage, released in March 2012 has made it easier for Orlando homeowners who are upside down on their property to refinance into today’s current rates.  As long as the mortgage is owned by Fannie Mae or Freddie Mac and recorded before June 1, 2009, Orange County ...
10/24/2012
USDA Rural Development said today that funding for FY 2013 has started.  Any USDA purchase and USDA refinance loans that have been waiting for funds can proceed and close as normal.   “Funding for Rural Development’s Single Family Housing Guaranteed Loan program is now available for fiscal year ...
10/15/2012
It’s no secret that many Florida homeowners are currently “underwater” on their USDA mortgage and owe more than the home is worth.  The great news is that USDA & Rural Development now offers a refinance program just for you!  The new USDA Pilot refinance program allows homeowners with a USDA dir...
10/04/2012
USDA Rural Development has introduced a new pilot program in selected states including Florida.  The USDA “Pilot” refinance mortgage loan allows any homeowner that currently has a USDA Rural mortgage, refinance into the low historic 3-4% interest rates we see today. Here comes the best part….  y...
10/02/2012
Why are so many Florida home buyers looking to the 100% USDA loan program?  USDA allows 100% financing!  Difference between sales price and appraised value can be used to pay buyers closing cost… or paid by home seller.  No Down Payment Required. No Cash Reserve Requirement or cash contribution r...
10/02/2012
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Jeff W

USDA /FHA Mortgage Source
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