Borrowers often refinance in order to save money. This was not always the case with the USDA loan, though. Because of the hefty fees to obtain a USDA loan, many borrowers could not refinance. This year things changed drastically for USDA loan holders. Not only did the fees decrease for USDA loans, but they opened up a pilot program, which made refinancing possible in many areas of the country. The USDA initially offered the pilot … [Read more...]