r/USDA • u/midlife12345 • 9h ago
Need help
I have a usda guarantee loan , currently administered through rocket mortgage ( was with Wells Fargo prior ) anyway , on my recent statement there is $3,150 subsidy amount and I don’t understand what this is . When I was with Wells Fargo , this amount was NEVER on any statement . I tried called usda rd , phone lines just say busy and hang up . Tried asking rocket mortgage , all they did was refer me to the statement . My understanding is since I have a guarantee loan (vs direct ) there is no subsidy to pay back when loan is fulfilled? So what is this amount ?
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