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Tag: USDA annual fee

See How the USDA Guarantee Fee Stays Low for 2018 to Help Home Buyers

Homebuyers received great news about the USDA Rural Development guaranteed loan program!  In 2017, USDA drastically reduced the  guarantee or funding fee they charge upfront on USDA loans, plus lowered the annual fee also.  So the great news is that the USDA guarantee fee 2018 (also often referred to as a USDA funding fee) will remain at […]
USDA Commitment in 19 Days From Application!

USDA Commitment Done Right! We love USDA loans!  Not only are buyers able to purchase with no money down, but it is flexible on credit.  On top of this, USDA just made homeownership more affordable effective 10/1/16!  This was accomplished by USDA drastically lowering the guarantee fee and the monthly mortgage insurance.  Now check out […]
USDA Funding Fee & Annual Fee Decreases Mean Low Payments

USDA Funding Fee for 2016-2017 Announced Huge Decrease in the 2016-2017 USDA Funding Fee & Annual Fee! The USDA Funding Fee is a key part of the USDA home loan program and basically pays for the program.  First, USDA mortgage loans are so popular (especially in NC, SC, and Virginia) because it allows homebuyers to purchase with no […]

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Russell Smith | Branch Manager, NMLS ID# 78989 | Licensed in NC, SC, VA

ALCOVA Mortgage LLC | NMLS#40508 | (www.nmlsconsumeraccess.org) | 308 Market St SE, Roanoke, VA 24011

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