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NO More Realtor Admin Fees on USDA GRH Loans

Mortgage and Lending with Waterstone Mortgage NMLS#186434 NMLS# 274129

USDA Guaranteed Loans


The USDA recently put out their newly revised handbook and there’s at least one thing that you need to be aware of….

The ³Realtor Admin Fee², or any other similarly named fee representing an administrative charge imposed by the Realtor on the borrower, may not be charged to the borrower on a USDA loan. Additionally, this fee cannot be paid through seller or lender credits. The basis for this change comes from Chapter 6 of the USDA Guides, which strictly prohibit ³administrative fees charged to the buyer by the Realtor.² 

I personally verified this with the USDA as well so please make sure that if you normally charge an admin fee to the buyer please remember not to charge it on USDA loans. This affects loans in process as well.

As always if you have any questions you contact us anytime!

All the best,


Gerhardson Team!

Shawn Gerhardson with Waterstone Mortgage Waterstone Mortgage Gerhardson Team


About the Author

Shawn Gerhardson (NMLS #274129) is an active loan officer with Waterstone Mortgage. Email Shawn directly atsgerhardson@waterstonemortgage.com, call at 763-691-0202 or click to get a free, no-obligation rate quote. You can also find Shawn on Twitter @Mortgageg and on Facebook Specialties: Purchase, Refinance, Debt Consolidation, Conventional, USDA Rural Housing, FHA,VA and MHFA Loans. Credit Repair, Relationship Networking, Direct experience with starting a networking group from the ground up.