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)