Flower Mound Mortgage Company Announces USDA Changes in Annual Fee
In case you are considering the zero down payment option loan that USDA provides, it is noteworthy that they are increasing the annual fee to .4% from .3%. They call this annual fee because you calculate this rate by the loan amount, and that is the annual amount, but that amount is divided by 12 and you pay it in your monthly mortgage payment.
Learn more about the general guidelines, drawbacks, and benefits of the USDA mortgage in and around the North Texas area, including Collin County, Tarrant County, and other surrounding areas in North Texas.
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