The Guarantee fee is a charge by USDA to help offset past loans that had gone into default where USDA eventually had to pay a claim.. It does not cover any of your customary or standard closing costs associated with a traditional sale/refinance. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com
None it is the fee USDA charges for all loans.
Ask our community a question.