Rates for USDA Loans?

[wealthygirl]

Purchasing a new build in Maryland, 100% financing via USDA.   Builder also provides mortgage services...current rate quoted for USDA funded loans is 5.35%.  Does anyone know where this rate is generated from?  Or, is this info exclusive to the mortgage company only?  

[hawkeye33]

I don't believe USDA is 'one rate fits all' like FHA, but I'm not certain. I believe the rate offered is established by the lender. It would be worthwhile to shop around and get good faith estimates from at least one or two other lenders for comparison purposes. I would guess that they will come in around that same rate, but it's worth the shopping in case you can find something lower.

[wealthygirl]

So, if i'm reading this correctly, you don't HAVE to use the builders in house lender in order to receive the perks/incentives with a new build?  I had read/heard that in order to build new you had to use the builders lender, in this case RYLAND Mortgage?