USDA Fee Change for Fiscal Year 2013 Effective October 1st 2012

The USDA up-front and annual fee structure will be changing on October 1st with the arrival of the new fiscal year.  For purchase and refinance transactions, the Up-Front Guarantee fee will be 2% (an increase from the previous 1.5% for refinances) and the Annual fee 0.40%.  As funding for refinances was exhausted by the end of August, all new refinance commitments dated August 22, 2012 or after are being issued under the FY 2013 fee structure.

USDA Eligibility Check

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