Homeowner’s Insurance Maximum Deductible for USDA Loans
Effective immediately, the maximum hazard insurance deductible for any USDA Guaranteed Loan delivered to ServiSolutions cannot exceed the higher of 1 percent of the face value of the policy or $1,000.

This replaces the previous deduction of the higher of 2.5 percent of the face value of the policy or $2,500 accepted for all loan types. 

This change impacts only USDA loans.

Edits to the Loan Delivery Guide reflecting this change will be made soon.  

Please contact Lisa Treece at ltreece@ahfa.com with any questions.