Friday, May 28, 2010
5/28/2010 09:12:00 AM | Posted by
Arbor Mortgage
Breaking News! (again)
The USDA is back to issuing conditional commitments on loans. The Emergency Supplemental Appropriations bill passed on 5/27, giving up to $2.5 billion in funds to the program. However, the bill referring to the program itself has not yet been addressed in the Senate, so we aren't sure what the actual Guarantee Fee will be. The majority assumption for the time being, seems to be 3.5%.
Stay tuned....
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- Arbor Mortgage
- Arbor Mortgage is a Michigan based mortgage lender that has been providing mortgage solutions for more than a decade. Since 1998, Arbor Mortgage has helped more than 20,000 people purchase or refinance their homes. Arbor offers a variety of mortgage programs including FHA, USDA Rural Development, VA, Conventional and Alternative loans.
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