USDA Annual Fee Increase
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USDA Annual Fee Increase

USDA Rural Development home loan annual fee increased to 0.50% effective October 1, 2014. This USDA fee is paid monthly as part of your USDA mortgage payment.

posted by: What's My Payment?

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USDA Rural Development fee increase example:

Your new USDA loan originated after October 1, 2014, is for $120,000. The annual fee of 0.50% equates to $600 owed to USDA your first year. The $600 is divided by 12 and paid monthly as part of your USDA payment = $50.00 monthly.

*Every effort is made to post valid, up to date information. Mortgage guidelines and programs constantly change. Therefore, the content of each post should be viewed and used as a starting point. Please contact us for current guidelines pertaining to this post or for more information.

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*All calculations on www.WhatsMyPayment.com are for demonstration purposes only.
Every effort is made to maintain accurate calculations for each program listed. Actual numbers may vary.

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