With USDA Housing Programs, 3.4 Million Rural Homebuyers Own Their Future

With USDA Housing Programs, 3.4 Million Rural Homebuyers Own Their Future.

 

With USDA Housing Programs, 3.4 Million Rural Homebuyers Own Their Future

RHS Guarantee Fee Change

Beginning October 1st, RHS Guarantee fees will be changing as indicated in the following table:

Up-Front Guarantee Fee FY 2012 Through 9/30/2012 FY 2013 Effective 10/01/ 2012

Purchase Transactions (no change)

2%

2% Refinance Transactions 1.5% 2%

Annual Fee FY 2012 Through 9/30/2012 FY 2013 Effective 10/01/2012

Purchase Transactions

.30%

.40% Refinance Transactions .30% .40%

This is effective for all RHS loans which receive conditional commitments on or after October 1st, 2012 regardless of when the loan was submitted.

Joel Lobb
Senior  Loan Officer

(NMLS#57916)
 
American Mortgage Solutions, Inc.
800 Stone Creek Pkwy, Ste 7,
Louisville, KY 40223
 Fax:     (502) 327-9119
 
 Company ID #1364 | MB73346

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