USDA Fiscal Year Financing

On September 26, 2016, USDA has announced that funding for the Single Family Housing Guaranteed Loan Program will not be available for a short period of time at the beginning of Fiscal Year 2017, which starts October 1, 2016. During the temporary lapse of funding, Rural Development will issue Conditional Commitments “subject to the availability [...]

By |2017-08-02T18:48:44+00:00September 28th, 2016|

USDA Rural Housing Fee Change

In September 2016 USDA announced a change in both the Upfront Guarantee fee as well as the Annual Fee. Both fees are seeing significant reductions for loans issued after October 1, 2016. The upfront guarantee fee is changing from 2.75% to 1.00% and the annual fee is changing from .50% to .35%. What does that mean [...]

By |2017-08-02T18:49:04+00:00September 28th, 2016|
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