CHANGE TO KENTUCKY ANNUAL USDA GUARANTEE FEE STRUCTURE OCTOBER 1, 2014

CHANGE TO KENTUCKY ANNUAL USDA GUARANTEE FEE STRUCTURE and

CHANGE IN ELIGIBILITY MAPS 

As announced in RD AN No. 4757, the annual guarantee fee structure (paid monthly from the borrower’s escrow account) for purchase and refinance loans will increase as follows (no change to the one-time upfront fee at this time):

The new fee structure is applicable to all Kentucky Conditional Commitments issued by Rural Development on or after October 1, 2014. Loan guarantee requests submitted to Rural Development (RD) on which a conditional commitment has not been issued bySeptember 30, 2014, will be subject to the 2014 annual guarantee fee structure.

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As announced in RD AN No. 4748, and barring any Congressional actions, implementation of the provisions of a revised rural area definition become effective on October 1, 2014. The future eligibility area maps can be viewed on the USDA Eligibility web site at:http://eligibility.sc.egov.usda.gov. THIS MEANS THAT PROPERTIES THAT ARE ELIGIBLE TODAY, MAY NOT BE ELIGIBLE ON AND AFTER OCTOBER 1, 2014.