USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶7.1 — Introduction

usda-hb-3555-7-1

USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶7.1 — Introduction.

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      paragraph_quote: 7.1 INTRODUCTION The SFHGLP helps low- and moderate-income people living in rural areas purchase adequate, modest, decent, and safe homes by providing guarantees for qualified loans that a lender would not make without a guarantee. The program’s loan terms and conditions, which are described below, are designed to ensure that the loans are used to acquire modest homes and that the property will provide adequate security for the loan.

Verbatim regulatory text (1)

Verbatim provisions from USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶7.1 — 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 ¶7.1 — Introduction

7.1 INTRODUCTION The SFHGLP helps low- and moderate-income people living in rural areas purchase adequate, modest, decent, and safe homes by providing guarantees for qualified loans that a lender would not make without a guarantee. The program’s loan terms and conditions, which are described below, are designed to ensure that the loans are used to acquire modest homes and that the property will provide adequate security for the loan.

Source: USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶7.1 — Introduction · source URL · snapshot 0466acd1ea2d17a4