Tag: USDA RD

USDA RD Guaranteed Home Loan Program Requires Itemization of Loan Discount Points and Origination Fees

By: David Hail, Staff Writer USDA lenders are being reminded about how they can and cannot use loan discount points and origination fees.  If you work with this program, read this update carefully and check your practices. Rule Synopsis: A recent reminder to lenders was issued by the agency notating that the USDA Rural Development’s […]

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USDA – Proposed Changes to Eligibility of Certain Rural Areas – Dated March 16, 2018 – Effective June 4, 2018

By: David Hail, Staff Writer USDA has announced big changes regarding their eligibility map.  All USDA lenders need to read this update to be aware of the changes and when they go into effect. Rule Synopsis: On March 16, 2018, the proposed ineligible area maps for the Rural Development Single Family Housing (SFH) were posted to the USDA […]

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