Matt Padgett of Keystone is excited to deliver the news about some major changes to USDA 100 Percent Financing. For more details, give us a call (865) 909-0211
Hi I’m Matt Padgett with Keystone Mortgage. I have some super exciting news for people looking for USDA 100 percent financing. For conditional commitments from USDA starting October 1st, the upfront funding fee is dropping from 2.75% to 1%. That equals huge savings. Also the monthly mortgage insurance rate is dropping from .5 to .35 which is also wonderful and will result in a lower monthly payment. We don’t have to wait until October 1st to get started. The conditional commitment happens towards the very end of the loan process. So if you are looking for a USDA 100% loan, now is the time to go ahead and start looking and get under contract. For more details, give us a call 865.909.0211
