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Expert confirm Good Faith Estimate is Fair for USDA loan please!!

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rockymtngrl
Frequent Contributor

Re: Expert confirm Good Faith Estimate is Fair for USDA loan please!!

Its listed under MIP but its actually the 2% guarantee fee.
Message 11 of 14
Anonymous
Not applicable

Re: Expert confirm Good Faith Estimate is Fair for USDA loan please!!

Ah, that makes sense. That 2% fee is rolled into the loan right?
Message 12 of 14
Anonymous
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Re: Expert confirm Good Faith Estimate is Fair for USDA loan please!!


@rockymtngrl wrote:
Its listed under MIP but its actually the 2% guarantee fee.

Yup thats what my LO told me.

Message 13 of 14
Anonymous
Not applicable

Re: Expert confirm Good Faith Estimate is Fair for USDA loan please!!


@Anonymous wrote:
Ah, that makes sense. That 2% fee is rolled into the loan right?

Yes

Message 14 of 14
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