If you haven’t already heard…
The United States Department of Agriculture (USDA) has recently announced a HUGE decrease in fees for their 100% financing home loan program.
Effective October 1, 2016, the new LOW fees will adjust as follows…
The upfront guarantee fee will change from 2.75% to only 1.0%
The annual fee will change from 0.5% to only 0.35%
This is GREAT news for potential homeowners looking to buy with 100% financing.
So, what does this mean to your clients???
0% Down Payment WITH LOWER MONTHLY PAYMENTS NOW!
Today’s rates are 3.25% with no origination .http://www.rd.usda.gov/
Posted on September 29, 2016 at 4:33 pm by Scott Howell