Every refinance option for a USDA home loan, compared
Guarantee fees
Compared
Every USDA refinance carries an upfront guarantee fee, which can usually be financed, and an annual fee paid monthly. The fees are set by USDA and can change. Your Loan Estimate shows both; when comparing with a conventional or FHA option, include them alongside that loan's mortgage insurance.
Last reviewed against the primary sources listed below.
Where to look
- Upfront fee in the loan amount or closing costs.
- Annual fee in the projected payments.
Option questions
Does a USDA refinance have a guarantee fee?
Yes, an upfront fee and an annual fee.