USDA Refinance Program Change – New Upfront Guarantee Fee and Annual Fee for Fiscal Year 2013

Date: October 1, 2012

Effective October 1, 2012, the upfront Guarantee Fee for refinance transactions will increase from 1.50% to 2.00%. The Annual Fee for refinance transaction will increase from .30% to .40%. The new fees will be effective when the Conditional Commitment is issued as opposed to when the Rural Development Office receives the loan guarantee request form from the lender.

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