There are two places the USDA Guarantee Fee Financing can be adjusted, the first one is on the Shop for Rates page:
- On the Shop for Rates page, check the box for USDA Information
- Check the box indicating the subject property is USDA eligible and the borrower's income is eligible
- 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:
- Click on the blue dollar value under Section VII – Line Item N
- 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.
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