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Using a USDA Loan? Know the Funding Fee!

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Using a USDA Loan? Know the Funding Fee!

K
KeithChabot

19 Views • Jan 27, 2010

Description

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.