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Offered by Jan Giuliano

If you live in Brighton, Weld, and other surrounding rural county areas, you need to know that the USDA Rural Guarantee Fee and Annual Fee for purchase and refinance loans decreased as of October 1, 2016.

This starts the Fiscal Year for 2017. The USDA is reducing the upfront guarantee fee from 2.75% to 1%, and the annual fee from .5% to .35%.

Keep in mind there are loan limits, and income limits that apply to this loan type. Other criteria apply. If you think you might be interested, you should check with your lender for pre-qualification. This loan has a no down feature leaving the borrower only needing closing cost funds at closing.

Currently, the projected end to this fee reduction is with the end of the fiscal year next September 2017.

If we, at Academy Mortgage can help you with this loan product or any others, please let us know. Call Frank, Jan or Mitch at 303-450-1650.

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The Giuliano Team at Academy Mortgage Corporation