Understanding the Funding Fee
Posted by Greg Fischer in February 23rd, 2011
Posted in: FHA, Purchase, Refinance, USDA/RD, VA Tags: Rural Development/USDA
Posted in: FHA, Purchase, Refinance, USDA/RD, VA Tags: Rural Development/USDA
“Why is my mortgage larger than my loan amount?” Government loans exchange part or all of the monthly mortgage insurance premium for a Funding Fee – a one time, paid at closing, usually financed, insurance premium. There’s a good reason for this.
