From the National Office in Washington D.C.
November 3, 2011 Funding Now Available!
Funding for the Single Family Housing Guaranteed Loan Program is now available for fiscal year 2011, under the Continuing Resolution.
Purchase type loans will be subject to a 3.5% upfront guarantee fee.
Refinance type loans will be subject to a 1% upfront guarantee fee.
For the last 6 months some lenders weren’t offering USDA loans, and some were closing the loans on a conditonal baiss, pending the new fiscal year. As of November 3rd, the USDA program is fully funded again.
Baxter Scruggs is a mortgage banker specializing in USDA loans in California, NMLS #156370. He can be reached at firstname.lastname@example.org, or at 760-497-7705, or toll-free at 877-347-0004, ext. 226. Licensed by the California Department of Business Oversight under the California Residential Mortgage Lending Act. The blog postings on this site represent the positions, strategies or opinions of the author and do not necessarily represent the positions, strategies or opinions of Guild Mortgage Company or its affiliates. Terms and conditions apply, all loans subject to underwriter approval. Subject to change without notice. Guild Mortgage Company NMLS #3274