USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶12.1 — Introduction
USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶12.1 — Introduction.
Verbatim regulatory text
Verbatim provisions from USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶12.1 — Introduction — 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 ¶12.1 — Introduction
12.1 INTRODUCTION Lenders must ensure the property to be purchased is eligible for the Single Family Housing Guaranteed Loan Program (SFHGLP). The Agency’s minimum property requirements serve to protect the borrower’s interest, minimize the lender’s loss, and reduce the potential risk to the government in the event of liquidation. It is the lender’s responsibility to ensure that the property meets the Agency’s standards. SECTION 1: UNDERWRITING THE PROPERTY [7 CFR 3555.201]