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USDA's Upfront and Annual Fees are Getting Smaller...
If you are looking to own a home in a rural area, USDA Financing from George Mason Mortgage may be an option for you. Beginning October 1st, the upfront guarantee fee as well as the annual fee will be lowered.
Here's what you need to know:
  • USDA will be reducing the upfront guarantee fee from 2.75% to 1%, and the annual fee from .5% to .35.
  • This fee reduction will apply to both purchase and refinance transactions.

Contact a GMM Loan Officer for more details to see if the USDA program will work for you!
 
Find a Loan Officer

 

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4100 Monument Corner Dr., Suite 100
Fairfax, VA 22030

Toll Free: 800-867-6859

Email Us: info@gmmllc.com

Our Mortgage Loan Originators are registered and comply with the National Mortgage Licensing System (NMLS) and Registry. NMLS Consumer Accesssm, nmlsconsumeraccess.org, is a free service for consumers to confirm that the financial-services company or professional with whom they wish to conduct business is authorized to conduct business in their state. George Mason Mortgage's NMLS ID is 153400.

This is not a commitment to lend. All loan applications are subject to credit and property approval. Annual Percentage Rate (APR), and program, rates, fees, closing costs, terms and conditions are subject to change without notice and may vary depending upon credit history and transaction specifics. Other closing costs may be necessary. Flood and/or property hazard insurance may be required. To be eligible, buyer must meet minimum down payment, underwriting and program guidelines.


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