USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶1.5 — Sfhglp Summary
USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶1.5 — Sfhglp Summary.
Verbatim regulatory text
Verbatim provisions from USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶1.5 — Sfhglp Summary — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶1.5 — Sfhglp Summary
1.5 SFHGLP SUMMARY Private lenders are key to the success of the SFHGLP. Although the Agency issues loan guarantees, lenders that have been approved to participate in the program are responsible for originating, underwriting, servicing, and liquidating loans. The lender is ultimately responsible for ensuring that all program requirements are met, and that the underwriting procedures for the loan are followed. The Agency reviews each loan proposal to ensure the applicant and property appear to meet program eligibility requirements and monitors lender performance on an ongoing basis to help ensure that lenders accurately understand the Agency’s expectations. Applicant eligibility is discussed in detail in chapters 8 through 11. In summary, applicants may be eligible to receive a guaranteed loan if they: x Are income-eligible; x Agree to personally occupy the dwelling as their primary residence; x Have acceptable citizenship or immigration status, as defined in Chapter 8; x Have the legal capacity to incur the loan obligation; x Have not been suspended or debarred from participation in Federal programs; x Have demonstrated both the willingness and the ability to repay the loan; and x Are purchasing a property that meets all program criteria. In the event that a lender incurs a loss on a guaranteed loan, the Agency will compensate the lender under the terms of the Loan Note Guarantee and all program requirements. SECTION 3: GENERAL PROGRAM REQUIREMENTS 1.6 CIVIL RIGHTS The Agency, participating lenders, and agents of participating lenders, including appraisers, must administer the SFHGLP fairly and in accordance with all equal opportunity and fair housing legislation and applicable Executive Orders.
Get this regulation in your AI window
A Procedure Notice replaces chapter text silently. An assistant quoting HB-1-3555 cannot tell you which notice it is working from, or whether a later one moved the rule.Put the verbatim text and its effective date in front of your assistant, instead of whatever it remembers.
Open in Claude Open in ChatGPT
Open in Claude shows the one-time setup: paste one address, no account with us. Open in ChatGPT asks ChatGPT about this page, with no setup. Either way it’s free.
Next step: the USDA loan QC playbook. Run it in your AI window →
Get notified if this rule changes
One email when USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶1.5 — Sfhglp Summary changes: what changed, the new verbatim text, and the effective date. Nothing else.
Double opt-in: we send a confirmation link first. Following one section does not subscribe you to anything else. Privacy.
Source of record: https://claudeforcompliance.com/regs/usda-hb-3555-1-5/
· register usda-hb-3555-1-5 · verbatim, source-snapshotted regulator text from the
Claude for Compliance corpus. To work from every register at once, download the corpus
and follow the methodology.