News & Updates
USDA Annual Fee Increase
The annual fee for USDA loans will increase from 0.4% to 0.5% of the unpaid loan balance beginning October 1, 2014. There is no change to the upfront fee of 2% which may be financed. USDA, or Section 502 loans are intended to help families purchase or refinance...
What Impact will the Government Shutdown have on Mortgages?
Wondering what impact the government shutdown will have on the loan process? Here are the things you need to know. IRS tax transcripts. These must be ordered from the IRS for ALL LOANS. They typically take a day or two. Expect delays. Social Security Number...
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