Usda refinance fact 2026

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  1. Click ‘Get Form’ to open the USDA Refinance Fact in the editor.
  2. Begin by reviewing the processing requirements for different refinance options: Streamlined, Non-streamlined, and Rural Refinance Pilot. Ensure you understand which loans are eligible.
  3. Fill in the required fields regarding loan eligibility, including whether the loan to be refinanced is a Section 502 Direct or Guaranteed loan. This is crucial for compliance.
  4. Provide details on upfront and annual guarantee fees as specified in the form. Make sure to check if full income documentation of all adult household members is included.
  5. Complete sections related to property eligibility, borrower changes, and any necessary inspections. Pay attention to state-specific requirements listed at the end of the document.

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An applicant has 20 percent for a down payment and closing costs saved between their checking, savings, and 401(k) retirement account. The applicant is not eligible for a guaranteed loan. Non-liquid assets such as a 401k retirement account are not included in funds available for a down payment.
USDA Mortgage Rates for September 16, 2025 USDA Loan TypeInterest RateAPR 30 Year Fixed USDA Purchase 5.437% 5.575% 30 Year Fixed USDA Refinance 5.405% 5.538%
The main drawbacks include income limits, geographic restrictions, and occupancy rules. These loans are intended for people buying primary residences in eligible rural or suburban areas and earning within a specific income range.

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