USDA Home Loan Financing Is Now Available
Effective June 1, 2010, USDA Home Loan financing is available to homebuyers. However there are some major changes to the program that are important to know about if you are interested in an Arizona USDA loan.
First: The USDA Funding Fee is no longer 2.00% (two percent)
Second: The “NEW” USDA Funding Fee is 3.50% (three and a half percent)
Third: The GUS System (Guarantee Underwriting System) is currently turned off. This means that the homebuyer’s qualification will be strictly adhered to the USDA Guidelines.
**With GUS; the homebuyer can potentially qualify for a higher sales price
If you have any questions, please call us at 480.344.3671
ABOUT TED CANTO
Ted is an experienced Mortgage Advisor for the last 13+ years and is also known for his mortgage commentary and internet workshops within the real estate community. Also known as "The Mobile Mortgage Pro", Ted has honed the power of the smart phone, laptop, tablet computing, text, email and social media to ensure that he is always accessible to his clients' “wherever, whenever” to meet their needs. Ted has helped thousands of families finance their new home or refinance their current home in the Arizona and California market. Call, text, or email him to discuss your home financing @ 480.650.8602 or ted@tedcanto.com
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