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Question about USDA guaranteed loan and broker fee

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Contributor

Question about USDA guaranteed loan and broker fee

Okay I was just preapproved for a USDA home loan I applied through a broker and the broker fee is about $4200 is that the acceptable or is that out of the normal? Should I be applying with other brokers or what should I do any advice thank you.
1 REPLY
Valued Contributor

Re: Question about USDA guaranteed loan and broker fee

Its typically a percentage based on the loan amount.

 

No way to determine by you just giving a basic number.

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