Effective October 1, 2011, USDA is changing their funding
fee from 3.5% to 2%! In addition
to this change, they will now charge an annual fee of 0.3% for all loans. The annual fee is based on the
scheduled average unpaid principal balance and will be escrowed into the
payment.
Call me today for more information!
Danielle Hifko
New American Mortgage
910-581-6398
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