Back To Blog

Posted on 2012-08-24 13:51:03


USDA announced that 2012 funding is exhausted for refinance transactions in their Single Family Housing Guaranteed Loan Program.  It is effective for all new registrations on or after 8/23/12  Once the funding has been confirmed with USDA for FY 2013, Century 21 Mortgage will communicate re-activation of USDA refinances. Refinance transactions will then be subject to the new upfront guaranty fee (2.00%) and annual premium (.40%).

 This announcement does not impact USDA purchase transactions.  Beginning on October 1, 2012, the annual Guarantee Fee will increase from .3% to .4%.  On a $200,000 loan, this adds about $16 per month.  The upfront Guarantee Fee remains at 2%.

 Century 21 Mortgage Advisors:   Jonathan Rodd  802-683-0812;; Or Roxanne Gentes 802-310-5016;


Add Comment

Comments are moderated. Please be patient if your comment does not appear immediately. Thank you.


  1. No comments. Be the first to comment.