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USDA Mortgage Calculator Includes Monthly Mortgage Insurance

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USDA Mortgage Update: Monthly Mortgage Insurance Starting October 1,2011

July 6, 2011 1 comment

USDA Mortgage Update: Monthly Mortgage Insurance Starting October 1,2011 According to a recent Administrative Notice (AN4551 which can be seen HERE) sent out by USDA, starting October 1, 2011 the upfront guarantee fee will be reduced from 3.5% of the loan amount to 2% with the addition of minimal monthly mortgage insurance on all purchase […]