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USDA Upfront Guarantee Fee Increase

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Yesterday, USDA Rural Development announced an increase to the upfront guarantee fee on guaranteed rural housing loans from 2.000% to 2.750% effective with conditional commitments issued on/after October 1, 2015. The Annual Fee remains unchanged at 0.500%

Based on USDA’s requirements, any loan that does not receive the conditional commitment (form RD 3555-18) on or prior to September 30, 2015 will be subject to the increased 2.750% fee.

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