USDA announced that they will require a $25 technology fee on every loan. This is not the lender’s requirement, it is a new fee implemented by USDA. The collection of this fee will be used to modernize USDA technology.
Related Article Title: USDA – NEW Technology Fee Being Implemented – Dated June 12, 2019 – Effective January 1, 2020 Written by: David Hail, Staff Writer USDA lenders, this is an important update just announced by USDA regarding required fees. Read through this article to find out all of the details. Rule Synopsis: On June [...]