Tag: USDA

USDA to Raise Upfront Fee on No-Downpayment Loans from 2% to 2.75%

Filed in Housing Finance by on July 1, 2015 0 Comments

The U.S. Department of Agriculture’s Rural Housing Service (RHS) is increasing its upfront fee paid by borrowers on a no-downpayment loan from 2% to 2.75% effective Oct. 1. According to an RHS official, the difference in monthly payments is $4.83 for a typical $135,000 loan.

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New Requirements Announced for Federally Insured Construction

Filed in Advocacy, Multifamily by on May 28, 2015 0 Comments

New energy-efficiency requirements go into effect this summer for new homes insured through federal affordable housing programs, and most construction already complies.

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USDA Revamps Loan Program for Rural Home Buyers

Filed in Advocacy by on December 18, 2013 0 Comments

The U.S. Department of Agriculture (USDA) on Dec. 9 announced an interim final rule designed to streamline and improve the Single Family Housing Guaranteed Loan Program, which provides mortgage insurance to moderate-income households residing in rural areas. The rule becomes effective Sept. 1, 2014. Of note to NAHB members, the changes would: —Allow a one-time […]

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