Wednesday, June 26, 2013

How Do I Calculate USDA Mortgage Funding Fee?

How Do I Calculate USDA Mortgage Funding Fee?




The U.S. Department of Agriculture (USDA) provides a government guarantee of mortgage loans in rural areas. USDA-guaranteed loans can be used to finance the purchase, construction or repair of a fixer-upper home. The loans are limited to homes that are affordable and modest in size. Home buyers can apply for a Kentucky UDSA mortgage through the same lenders that are approved to offer VA and FHA insured loans.

About the Author

Tim Plaehn has been writing financial, investment and trading articles and blogs since 2007. His work has appeared online at Seeking Alpha, Marketwatch.com and various other websites. Plaehn has a bachelor's degree in mathematics from the U.S. Air Force Academy.

Photo Credits

  • rural road image by Andrew Kazmierski from Fotolia.com