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Refinances - USDA Rural Development

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Refinances Single Family Housing Guaranteed Loan Program1Training Objectives Where is the topic located? * 7 CFR Part 3555 and HB 1 3555 Learning Checks Resources 2Things change! Every effort has been made to ensure training references are accurate at the time of publication. Always reference the most recent USDA publications available online. 3Guaranteed Loan Program Regulation7 CFR Part 3555 The regulation is the rule! 8 Subparts: A H Appendix 1 47 CFR Part 3555 guidelines57 CFR Part 355567 CFR Part 3555Subpart C: Loan Requirements .101: Loan Purposes .102: Loan restrictions .103: Maximum loan amount.

New interest rate must be at or below the current rate • Mortgage must have closed 12 months prior to loan application • Mortgage must be paid as agreed for 180 days prior to loan application • Borrowers may be added or deleted from the loan

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