• Sign In
  • Create Account
  • Sign Out
  • My Account
Cart
  • Inside Mortgage Finance
  • MBS & ABS
  • The GSEs
  • The CFPB
  • Mortgage Trends
  • FHA/VA Lending
  • Nonconforming Markets
  • Data
    • Subscribe to Data
Home » Store » News » USDA Raises Upfront Fee for Single-Family Guaranteed Loans

USDA Raises Upfront Fee for Single-Family Guaranteed Loans

$55.00
News

Product Details

The U.S. Department of Agriculture’s Single Family Housing Guaranteed Loan Program has tweaked its guaranteed underwriting system (GUS) to support an increase in the upfront loan guarantee fee. Effective Oct. 1, 2015, the upfront guarantee fee for USDA purchase and refinance loans will be raised to 2.75 percent from 2.00 percent. The annual fee will remain at 0.50 percent for purchase and refi loans. The increase helps cover the cost of operating the program, which requires no congressional subsidy to offset credit costs, the agency said. The fee hike, however, is raising concerns among rural housing lenders. An increase to 2.75 percent could add more than $4,000 to a $150,000 mortgage with a USDA guarantee and increase monthly payments. “A $5 increase in monthly mortgage payments may not sound like much but it could make a difference in qualifying a ...
  • About
    • About Inside Mortgage Finance
    • Contact Us
    • Advertising
    • Privacy Policy/Terms
    • Article Reprints/Web Postings
    • Copyright FAQ
  • Customer Center
    • Subscribe
    • Request a Sample
    • Account Inquiries
    • Change of Address
    • Change of Delivery Method
    • Data Licensing
    • Password Reminder
    • Group Subscriptions
    • Refunds
    • Renew Your Subscription
    • E-mail Newsletters
  • Mortgage Data
    • Origination
    • Servicing and Portfolios
    • Mortgage Insurance
    • Securitization
    • Agency MBS Activity
    • Non-Agency MBS Activity
    • MBS Investor Activity
    • ABS Activity
    • Commercial MBS Activity
    • Funding Activity
    • Earnings and Financials
    • Regulatory Data
    • Mortgage Rates and Terms
    • Subscribe to Data
    • Lender Profiles
    • HMDA Dashboard
    • Custom Data
    • Data Licensing
  • Reports
    • Data Reports
    • Industry Studies
    • Regulatory Reports
    • Statistical Annual
    • Free Reports

© Copyright 2025 Inside Mortgage Finance Publications
Design, CMS, Hosting & Web Development :: ePublishing