Rural Development has received additional Guaranteed Single-Family Housing Loan funds in the amount of $2.5 billion.
They note, "We are able to begin to issue Conditional Commitments on loans subject to the availability of funds as follows:
- The guarantee fee for purchase transactions will be 3.5 percent
- The guarantee fee for refinance transactions will be 2.25 percent
If have any buyers who have been waiting for it to come back, it's time to start shopping again!!!
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