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Using a USDA Loan? Know the Funding Fee!


www.firsttimehomebuyerclassroom.com The USDA funding fee is required by law. The fee, currently 2% on no down payment loans for a first-time use, is intended to enable the borrower who obtains a USDA home loan to contribute toward the cost of this benefit.

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How to buy again after a foreclosure using a USDA home loan


www.FindMyWayHome.com 00 If you’ve had a foreclosure in the past and want to know when you can buy a home again. 00:11 it’s important to first understand exactly when the foreclosure first occurred 00:31 It’s a matter of public record on the date that the foreclosure happened but essentially what you’re looking for is the date that the lender transferred the title from your name into their name 00:44 USDA will let you buy again three years from the foreclosure date 00:54 USDA lenders will also consider extenuating circumstances

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