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.

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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater if taxes and insurance are included. Click here for more information on rates and product details.
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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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