15-49: Rural Housing Increase to the Upfront Guarantee Fee for Fiscal Year 2016

09/21/2015

Per Rural Housing Unnumbered Letter (UL) dated June 16, 2015, effective with loans obligated on or after October 1, 2015, the upfront guarantee fee is increasing to 2.75%, from 2%, while the annual fee is remaining the same.  Please see the chart below for a side by side comparison.

 

 

Current

Loans Obligated on or After 10/1/15

Upfront Fee

2%

2.75%

Annual Fee

0.5%

0.5%

 

As a reminder, Rural Housing loans are considered obligated on the date Rural Housing issues the conditional commitment.

 

Please contact your Sales Representative with any questions.