usdamortgageonline.com

USDA Program Updated Rates

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 29, 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 – 4.75%! – APR of 5. 22%

With 0 points – 5.0%! – APR of 5.325%

If you have any questions or you would like to get pre-approved for a USDA mortgage please feel free to fill out the form below or call us at (720)519-7494.

Please remember to check your spam folder for important emails from us!

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.

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.

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.

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.

This is to inform everyone that USDA funding could be exhausted by the end of April 2010.

We have been informed by the Washington Office, at the present time, there have been no new allocations for funding. We have discussed with our investor and they are working closely with Congress to obtain new allocations.

Presently, USDA is continuing to issue conditional commitments; however, if new funds are not allocated they may stop accepting the credit files sent to them for approval.

usdamortgageonline is committed to continuing the program as long as funds are available.

However, if we receive word that funds are no longer available, we will not be able to fund the loan even if it has been approved.

We feel this program is a very good program and is a great way to promote homeownership in rural areas. We suggest you contact your representatives in your areas and stress the importance of funding this program.

We will continue to monitor the funding status and will let you know by updating our site.

Thank you for your continued partnership.