Washington Report

Advocacy Updates from Washington D.C.

USDA Guaranteed Loan Fee Change

As of October 1, 2016, the upfront guarantee fee for USDA Guaranteed Loans is now 1.0% of the loan amount, a reduction of 1.75% from FY 2016.  The annual fee is now 0.35% of the average scheduled unpaid principal balance for the life of the loan, a reduction of 0.15% from FY 2016. 

USDA Announcement on Fees