Delaware USDA Rural Housing Loan Guideline Updates October 1, 2012
John Thomas
October 4, 2012
Tags: Rural Development Loans, USDA, USDA Guideline Update October 2012, USDA Rural Housing Loans
Delaware USDA Rural Housing Loan Guideline Updates that took effect October 1, 2012.
Delaware USDA Rural Housing Loan Guideline Updates from John R. Thomas with Primary Residential Mortgage
USDA Rural Housing Loan Program changed the monthly mortgage insurance premium charged on USDA mortgages from 0.3% to 0.4% effective on conditional commitments issued on October 1, 2012, and after. USDA also changed the Guarantee fee it charges for refinances. The guarantee fee on refinance transactions increased from 1.5% to 2.0% effective October 1, 2012. The Guarantee Fee on purchase transactions remains the same at 2.0%.
