We are closing and funding new USDA Mortgages while everyone else waits for more money to be appropriated to the Rural Development program! If you thought you missed out on buying a home with a USDA Mortgage, think again!

Today’s USDA Home Loan Rates For June 10, 2010

*Please note that USDA loan rates are subject to change daily.*

*We now have credit score tier specific USDA Mortgage Rates!*

*All USDA loan rates posted are based on 30 day locks. *

 

*Please note that the USDA home loan rates posted are subject to adjustments for the following criteria*

 

1) Loans under $100,000.00.

2) State specific adjustments.


 

 

USDA 30 year fixed – Credit Scores 620+

With 1.0 points – 4.875%! – APR of 5. 350%

With 0 points – 5.0%! – APR of 5.384%


USDA 30 year fixed – Credit Scores 600-619

With 1 points – 5.250%! – APR of 5.736%

Please contact us for a free, no obligation customized quote.


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Compare Today’s USDA Rates with Today’s FHA Rates and Today’s VA Rates

Information provided is solely for use by licensed real estate agents, builders and consumer use but not for distribution. Rates and APR are accurate as of date shown above and subject to change without notice. *APR and rates are based on $200,000 loan amount and 30 day rate locks.


June 10, 2010

USDA Funding Update!

USDA Rural Housing Funding Update

USDA Mortgage Online is pleased to announce that USDA Rural Development has authorized the issuance of Conditional Commitments for the Single Family Housing Guaranteed Loan Program so we can continue to close and fund USDA Mortgages even though funds for Fiscal Year 2010 are exhausted.

We are closing and funding new USDA Mortgages while everyone else waits for more money to be appropriated to the Rural Development program! If you thought you missed out on buying a home with a USDA Mortgage, think again!

Don’t allow yourself to be forced in to an FHA Mortgage or Conventional Loan, we are still accepting, closing and funding USDA Mortgages!


Conditional Commitments will be issued subject to the availability of funds and Congressional authority to charge a 3.5 percent guarantee fee for purchase loans and a 2.25 percent guarantee fee for refinance loans. The increase to the guarantee fee will work to make the program self sustaining and help to alleviate any future funding issues.

We are excited to continue to offer our customers access to this excellent program.

Feel free to contact us using the form below for more information.

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USDA Mortgage Funding Update!


5/11/2010

USDA Rural Housing Funding Update

USDA Mortgage Online is pleased to announce that USDA Rural Development has authorized the issuance of Conditional Commitments for the Single Family Housing Guaranteed Loan Program so we can continue to close and fund USDA Mortgages once funds for Fiscal Year 2010 are exhausted.

This means we will continue to close and fund new USDA Mortgages while we wait for more money to be appropriated to the Rural Development program! If you thought you missed out on buying a home with a USDA Mortgage, think again! We are still accepting, closing and funding USDA Mortgages!

Conditional Commitments will be issued subject to the availability of funds and Congressional authority to charge a 3.5 percent guarantee fee for purchase loans and a 2.25 percent guarantee fee for refinance loans. The increase to the guarantee fee will work to make the program self sustaining and help to alleviate any future funding issues.

We are excited to continue to offer our customers access to this excellent program.

Feel free to contact us using the form below for more information.

Contact Us

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USDA Home Loan Rates For May 6, 2010

*Please note that USDA Home Loan Rates are subject to change daily.*

*We now have credit score tier specific USDA Mortgage Rates!*

*All USDA Mortgage Rates posted are based on 30 day locks. *

*Please note that the USDA Home Loan Rates posted are subject to adjustments for the following criteria*

1) Loans under $100,000.00.

2) State specific adjustments.


 

USDA 30 year fixed – Credit Scores – 580 to 599

With 1.0 points – 5.5%! – APR of 5.671%

With 2.0 points – 5.250%! – APR of 5.511%


 

USDA 30 year fixed – Credit Scores – 600 to 619

With 1.0 points – 5.25%! – APR of 5.418%

With 0 points – 5.5%! – APR of 5.578%


 

USDA 30 year fixed – Credit Scores – 620 to 639

With .50 points – 4.75%! – APR of 4.869%

With 0 points – 4.875%! – APR of 4.950%


 

USDA 30 year fixed – Credit Scores – 640 to 659

With 1.375 points – 4.625%! – APR of 4.820%

With 0 points – 4.875%! – APR of 4.950%


 

USDA 30 year fixed – Credit Scores – 660 to 699

With 1.125 points – 4.625%! – APR of 4.798%

With 0 points – 4.875%! – APR of 4.950%


 

USDA 30 year fixed – Credit Scores – 740+

With 1.0 points – 4.50%! – APR of 4.661%

With 0 points – 4.750%! – APR of 4.825%

Please contact us for a free, no obligation customized quote.

Contact Us

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Compare Today’s USDA Rates with Today’s FHA Rates and Today’s VA Rates

Information provided is solely for use by licensed real estate agents, builders and consumer use but not for distribution. Rates and APR are accurate as of date shown above and subject to change without notice. *APR and rates are based on $200,000 loan amount and 30 day rate locks.

IMPORTANT ANNOUNCEMENT

http://www.usdamortgageonline.com is committed to the USDA mortgage program despite any funding shortage.


Although initially announced on March 10, 2010 that funding would be exhausted by the end of April; we believe it is possible that there will be funds available for a couple of weeks in May. Due to recent actions taken by many National Lenders to pull out of the USDA mortgage program, funds have not been utilized at an accelerated pace.There is still time and funds available to get your USDA loans obligated.


We will continue to close and fund your USDA mortgages as long as the 1980-18 Conditional Commitment can be secured.  We will also continue to keep you updated regarding funding for the USDA mortgage program.


Should you have any questions or concerns, please do not hesitate to contact us.

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