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Joel Lobb
Senior Loan Officer
(NMLS#57916)American Mortgage Solutions, Inc.
800 Stone Creek Pkwy, Ste 7,
Louisville, KY 40223phone: (502) 905-3708
Fax: (502) 327-9119
kentuckyloan@gmail.comCompany ID #1364 | MB73346
http://mylouisvillekentuckymortgage.com/
August 1, 2012
Kentucky USDA Mortgage Upfront Guarantee Fee and the monthly mortgage insurance Annual fee
Effective on October 1, 2012, the start of Fiscal Year (FY) 2013, Rural Development will revise the Up-Front Guarantee Fee and the monthly mortgage insurance fee structure as follows on a Kentucky USDA Mortgage loans in Kentucky for the Guaranteed Loan RHS :
Up-Front Guarantee Fee
FY 2012 Through 9/30/2012 | FY 2013 Effective 10/01/ 2012 | |
| Purchase Transactions (no change) | 2% | 2% |
| Refinance Transactions | 1.5% | 2% |
Annual Fee
FY 2012 Through 9/30/2012 | FY 2013 Effective 10/01/2012 | |
| Purchase Transactions | .30% | .40% |
| Refinance Transactions | .30% | .40% |
The FY 2013 fee structure is applicable to all Conditional Commitments (Form RD 1980-18, “Conditional Commitment for Single Family Housing Loan Guarantee”) issued by Rural Development on or after October 1, 2012. Loan guarantee requests submitted to Rural Development by September 30, 2012, in which…
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KENTUCKY VA MORTGAGE LENDER 
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