Countryside Refi Compare glossary
Key terms
Compared
These terms come up with USDA refinance options, each with a primary source. This is not a government website.
Last reviewed against the primary sources listed below.
- Guaranteed loan
- A USDA-backed loan made by an approved private lender. Source: USDA Rural Development: Single Family Housing Guaranteed Loan Program
- Direct loan
- A USDA loan made by Rural Development itself to lower-income households. Source: USDA Rural Development: Single Family Housing Direct Home Loans
- Household income
- Income of all adults in the home, counted against USDA limits. Source: USDA Income and Property Eligibility site
- Guarantee fee
- USDA's upfront and annual fees on guaranteed loans. Source: USDA HB-1-3555 Guaranteed Loan Technical Handbook