USDA Funding Update
Fiscal Year (FY) 2021 funding for Rural Development’s Single Family Housing Guaranteed Loan Program is now available.
Loan guarantee requests that received Form RD 3555-18E “Conditional Commitment for Single Family Housing Loan Guarantee” contingent upon the availability of an appropriation, will begin to be obligated in Agency’s financial system. An updated Conditional Commitment will be electronically generated by the agency to remove the “contingent upon” language. Receipt of the updated conditional commitment will verify the request has been successfully obligated by the agency.
Once received, the request for Loan Note Guarantee for closed loans may be submitted along with a closing package.
For USDA’s official announcement please refer to the following link for any additional details: Fiscal Year 2021 SFH Guaranteed Funds Now Available!