How to Indicate Financing Guarantee Fee for a USDA Loan (All, None or Partial)

Print Friendly and PDF

There are two places the USDA Guarantee Fee Financing can be adjusted, the first one is on the Shop for Rates page:

  1. On the Shop for Rates page, check the box for USDA Information
  2. Check the box indicating the subject property is USDA eligible and the borrower's income is eligible
  3. Select the appropriate option from the “Add USDA Guarantee Fee to Loan Amount” dropdown (All, Partial, None) to indicate how much of the USDA Fee is financed.

Note: You will need to enter a dollar value if you are going to apply a partial fee to the loan amount.

The second place the Guarantee Fee Financing can be edited is on the Loan Details page under Section VII – Details of Transaction – Line Item N:

  1.  Click on the blue dollar value under Section VII – Line Item N
  2. Select the appropriate option from the “Add to Loan Amount” dropdown (All, Partial, None) to indicate how much of the USDA Fee is financed.

Note: You will need to enter a dollar value if you are going to apply a partial fee to the loan amount.

 

 

 

0 Comments

Please sign in to leave a comment.