USDA Funding Notice refinance - 10-14-2010

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, the Guaranteed Underwriting System (GUS) can be used now for regular purchase type loans, but GUS is not yet updated to support the new fee for refinance loans. It is anticipated that GUS will be updated to support the new refinance fee of 1% on October 22nd. Thus, refinance loans must be a full file manual submission to the Agency until system enhancements are made and implemented.

Published in: Economy & Finance
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