2012 USDA Refinance Fees

EFFECTIVE Wednesday, December 7, 2011: The upfront guarantee fee for all refinance transactions increased from 1 percent to 1.5 percent at this time.
Conditional Commitments for refinance transactions that have previously been issued by USDA “subject to the receipt of commitment authority” at the 1 percent upfront guarantee fee structure will be honored by the Agency once the commitment authority becomes available.
Effective Wednesday, December 7, 2011, new Conditional Commitment requests for a refinance transaction will be issued by the Agency utilizing a 1.5 percent upfront guarantee fee and a 0.3 percent annual fee. The new fee structure for FY12 is as follows:
•2 percent upfront guarantee fee for purchase transactions;
•1.5 percent upfront guarantee fee for refinance transactions; and
•0.3 percent annual fee for both purchase and refinance transactions.