trying to refi into a usda loan
is it going to be possible using a usda streamline? at 75% ltv conventional by jenlee78436996 from Eagan, Tennessee. Dec 11th 2014
Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions
No
Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions
Unfortunately, USDA will only refinance an existing USDA loan. USDA loans have both a funding fee and a monthly insurance factor (mortgage insurance). If you are at a 75% LTV, why aren't you considering a regular conventional loan that has neither? ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in Arizona (AZLO0911876 / AZBK0902429), Washington (WALO40586 / WACL3087) and California (CADOC40586 / CAFLL6036566). We are licensed by the CA-DBO under the CFLL and CRMLA. Loans made or arranged pursuant to CFLL or CRMLA license. ~ www.LoansA2z.com ~ 888-889-9950
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