USDA Has Funds Available For Home Financing
Effective June 1, 2010, USDA Home Loan financing is available to homebuyers. However there are some major changes to the program.
First: The USDA Funding Fee is no longer 2.00% (two percent)
Second: The "NEW" USDA Funding Fee is 3.50% (three and a half percent)
Third: The GUS System (Guarantee Underwriting System) is currently turned off. This means that the homebuyer's qualification will be strictly adhered to the USDA Guidelines.
**With GUS; the homebuyer can potentially qualify for a higher sales price
If you have any questions, please call us at 480.344.3671
Academy Mortgage - Mesa, AZ
Ted Canto, Mortgage Consultant