The term “guarantee” is fairly straightforward. There is an inherent pledge from one party to another to ensure the performance of an agreement. In the mortgage world, it also has a meaning and specifically with the USDA home loan program. But for those that aren’t familiar with loan guarantees, the first notion is any applicant […]
USDA Mortgage Guarantee Fee
Why Lenders Like USDA Loans and Borrowers LOVE Them
It might seem a bit odd at first that that United States Department of Agriculture has a mortgage program. Yet the USDA loan is probably the “go to” source for certain types of properties located in rural and semi-rural areas. Lenders like the USDA program because it allows them to finance homes in areas where […]