Matt Padgett of Keystone Mortgage in Knoxville, Tennessee will explain to you the USDA Mortgage Loan Changes, don’t hesitate to give a call.
Hi I’m Matt Padgett with Keystone Mortgage. USDA loans, they’re about to change starting October 1st. For any role development or USDA loans without a commitment byOctober 1st, what’s going to happen is the upfront mortgage insurance premium is going from 2.0% to 2.75%. The monthly will remain at .5% annually broken down per month. So adding to the loan amount, the upfront mortgage insurance premium is going to be higher than it is now. For details call us at 865.909.0211
If we can do anything for you at anytime please give us a call 865.909.0211
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