USDA Housing Program to Assess New Fee

Nov 12, 2019

Starting next year, the USDA Single Family Housing Guaranteed Loan Program will begin to assess and collect a technology fee from lenders on each closed loan that was submitted via the Guaranteed Underwriting System.

Specifically, any file submitted via GUS that is issued Form RD 3555-18E, “Conditional Commitment for Single Family Housing Loan Guarantee,” on or after Jan. 1, 2020, will require lenders to remit a one-time $25 technology fee with their loan closing package.

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