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what costs are covered by the USDA Guarantee fee?

by marie.haynes916 from Tyler, Texas. Apr 24th 2014 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

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

Apr 24th 2014
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Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions

None it is the fee USDA charges for all loans.

Apr 24th 2014
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