Transcription of Refinances - USDA Rural Development
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Refinances Single Family Housing Guaranteed Loan Program1 Training Objectives Where is the topic located? * 7 CFR Part 3555 and HB 1 3555 Learning Checks Resources 2 Things 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. 3 Guaranteed 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 3555 Subpart C: Loan Requirements.
Refinance opportunities • Non‐streamlined refinance • Appraised value: $100,000 • Principal, interest, and subsidy payoff: $100,000 • What is the maximum loan amount for this refinance? A. $100,000 plus upfront guarantee fee B. $100,000 plus …
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