cancel
Showing results for 
Search instead for 
Did you mean: 

USDA Loan Question

Highlighted
Regular Contributor

USDA Loan Question

Hi All,

Here is the situation, I plan to apply through a builder for USDA guaranteed loan this December to receive their incentives, and I know this particular builder sell all loans they originate to various banks. My question is who determines the interest rate?(USDA or Builder) If it’s USDA how does the builder make their money?

 


Starting Score: EQ: 532, EX: 569, TU: 621 (All lender pull 10/15/11)
Score: EQ: 660,lender pull 4/13, EX: 671 lender pull 4/13, TU: 691 lender pull (4/13)
, current Score (3/16/17) EQ: 724. Goal Score: 700


Take the FICO Fitness Challenge