Using a USDA Loan? Know the Funding Fee!
KeithChabot
2010-01-27
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http://www.firsttimehomebuyerclassroom.com/.html
The USDA funding fee is required by law. The fee, currently 2% on no down payment loans for a first-time use, is intended to enable the borrower who obtains a USDA home loan to contribute toward the cost of this benefit.
The USDA funding fee is required by law. The fee, currently 2% on no down payment loans for a first-time use, is intended to enable the borrower who obtains a USDA home loan to contribute toward the cost of this benefit.
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