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  2. USDA loans: What are they and am I eligible? - AOL

    www.aol.com/finance/usda-loans-am-eligible...

    Upfront guarantee fee: The upfront guarantee fee this fiscal year is 1 percent of the loan amount. For example, for a $100,000 loan, this fee would be $1,000. For example, for a $100,000 loan ...

  3. What are guaranteed mortgage loans? - AOL

    www.aol.com/finance/guaranteed-mortgage-loans...

    A USDA loan has both an upfront and annual fee, which are a percentage of the loan principal, in order to sustain the guarantee from the USDA. These fees are charged to the lender but usually ...

  4. USDA home loan - Wikipedia

    en.wikipedia.org/wiki/USDA_home_loan

    Mortgage Insurance: USDA Loans require 1.0% of the loan amount in up front funding fee, and a monthly mortgage insurance premium based on up to 0.5% of the balance annually. The annual premium is divided by 12 to arrive at the premium charge per month. Effective 10/1/19, the annual fee is 0.35%. [5]

  5. Guide to no-down payment mortgages: Am I eligible? - AOL

    www.aol.com/finance/no-down-payment-mortgage...

    These loans don’t require a down payment, but there’s an upfront guarantee fee of 1 percent of the principal loan amount, as well as an annual fee of 0.35 percent, which you can roll into the ...

  6. Section 504 loans and grants - Wikipedia

    en.wikipedia.org/wiki/Section_504_loans_and_grants

    Section 504 loans and grants. Section 504 loans and grants are a USDA rural housing repair program authorized under Section 504 of the Housing Act of 1949. Under current regulations, rural homeowners with incomes of 50% or less of the area median may qualify for the Rural Housing Service (RHS) direct loans to repair their homes. Loans are ...

  7. Government National Mortgage Association - Wikipedia

    en.wikipedia.org/wiki/Government_National...

    The Government National Mortgage Association (GNMA), or Ginnie Mae, is a government-owned corporation of the United States Federal Government within the Department of Housing and Urban Development (HUD). [1] It was founded in 1968 and works to expand affordable housing by guaranteeing housing loans (mortgages) thereby lowering financing costs ...

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