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What are the current and recent USDA home loan rates? I cannot find them anywhere!!!!!!!!!

  • February 23 2012 - US
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Answers (6)

Looks like all of your questions have been answered correctly!

USDA's rate will vary slightly depending on the lender.  It is up to you, the consumer, to find the bank / lender with the best rate.

USDA's fees are:
2% Up Front Funding Fee that is financed into your loan
.3% annual fee that is broken down monthly and included in your monthly payment.  This fee is based on your loan amount each year, so it gets reduced by a small amount each year.

Best of luck to you!
  • February 24 2012
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I assume you are looking at a purchase transaction. You have a 2% upfront/guarantee fee rolled into the loan and the monthly is .3%
  • February 24 2012
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Profile picture for frater713
I have one more question......i've found some information regarding the mortgage insurance of a USDA loan.  What exactly is the %?  I've read .3? but i've been on some calculation sites that have it at .5% 
  • February 24 2012
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You can get a quote of RD loan rates from any lender.  They tend to stay close to the 30 year FHA rate.

  • February 24 2012
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Rural Development loans (USDA) vary from lender to lender just as any of the other loan types ie... FHA or Conventional.
  • February 23 2012
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Profile picture for AndreaSmolin
There might be a lender on here that could point you in the best direction.  What state are you in?

Also you might try reaching out to your USDA rural development office: http://offices.sc.egov.usda.gov/locator/app?state=us&agency=rd
  • February 23 2012
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