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On April 28, 2016, the US Department of Agriculture announced the FY 2017 fees for the Single Family Housing Guaranteed Loan Program, which reflects a major reduction from FY 2016 levels.
Beginning October 16, 2016, the upfront guarantee fee for Guaranteed Loans will be 1.0% of the loan amount, a reduction of 1.75% from FY 2016. The annual fee will be 0.35% of the average scheduled unpaid principal balance for the life of the loan, a reduction of 0.15% from FY 2016.
USDA “Upfront Guarantee Fee and Annual Fee for Fiscal Year 2017” Letter
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