USDA Loan Update

Based on updated guidance by USDA regarding availability of funds, effective immediately, the following restrictions apply.

All USDA loans must have a Conditional Commitment issued by USDA by September 30th.
Loans must close prior to the expiration date of the Conditional Commitment issued by USDA.
Any loan not receiving a Conditional Commitment by USDA prior to October 1,2020, will not be eligible for financing until communication regarding available funds by USDA is received.
LoanStream will temporarily no longer accept new USDA loans, effective immediately.
USDA Fees will not change in Fiscal Year 2021.
- The Upfront guarantee fee of 1.00% and an annual fee of 0.35% will apply to both purchase and refinance transactions.

Please any questions, please contact your Account Executive.

News Delivered to Your Inbox

Recent News & Announcements

Disaster Declaration for the State of West Virginia

December 11, 2024

Disaster Declaration for the State of West Virginia FEMA Notice Date: December 9th, 2024 On December 9, 2024, the Federal Emergency Management Agency (FEMA) declared

Disaster Declaration for the State of New Mexico

November 6, 2024

Disaster Declaration for the State of New Mexico FEMA Notice Date: November 1st, 2024 On November 1, the Federal Emergency Management Agency (FEMA) declared that

Disaster Declaration for the State of Alaska

October 18, 2024

Disaster Declaration for the State of Alaska FEMA Notice Date: October 16th, 2024 On October 16, 2024, the Federal Emergency Management Agency (FEMA) declared that

Our Company

Broker Quick Links

Helpful Links

Mortgage Brokers...
Get Updates, Specials & More

First Name

Last Name

Phone #

Mobile Phone #

Role

OCMBC, Inc dba LoanStream Mortgage needs your contact information to communicate with you about our products and services. By providing your contact information, you expressly permit us to contact you via email, telephone call, or text message. You may unsubscribe from these communications at any time. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting your privacy, please review our Privacy Policy.

Sign me up

Yes, I agree to receive text messages. By checking this box, I consent to OCMBC, Inc dba LoanStream Mortgage sending me text messages to the provided mobile number. I understand these messages may be sent via an autodialer and may include periodic messages informing me of updates, services, and special offers related to LoanStream Mortgage. I acknowledge that consent is not a condition of purchase. Message frequency varies. Standard message and data rates may apply. I understand that I can withdraw my consent at any time by texting STOP to unsubscribe. For help, text HELP or contact via our Contact Us page. For more information, visit our Privacy Policy URL.