USDA Rural Housing interest rates for April 2015 remain pretty much the same as last month. The USDA 30 year fixed mortgage interest rate for April 2015 is ranging about 3.875% with zero discount points. Of course all applicants have the option to “buy down” their loan interest rate lower by paying discounts points if they choose. Depending on how long a new buyer plans to live in a home will determine if paying loan points makes sense or not. Any experienced loan specialist can break down the numbers in an easy to understand formula.
Existing Florida & Georgia borrowers that currently have a USDA mortgage can still refinance via the streamline USDA Pilot refinancing program. The USDA Pilot program is just that… a “pilot” or test refinance program designed for existing home owners that may have difficulty refinancing due to lost equity. The USDA streamline refinance program does not require a new home inspection, appraisal or any equity. Homeowners that are underwater or upside down on their loan can finally take advantage of April 2015 lower interest rates. Read all the USDA Pilot Refinance Q&A here.
USDA Mortgage Source is Florida and Georgia’s 100% USDA loan leader. We are available to serve you 7 days week until 8pm. Please call us at 800-743-7556 with any questions about interest rates or applying for a new loan. You can also submit the quick Info Request Form on the right side of this page for fast service. Mobile users can find the Info Request Form here.
April 2015 Rural Development Interest Rates