GUARANTEED PROGRAMS (Rural Development Instruction 1980-D)
LOAN LIMIT - 100% LTV; NO DOLLAR LIMIT SO LONG AS LOAN IS AFFORDABLE TO A MODERATE INCOME HOUSEHOLD PURPOSES - PURCHASE, BUILD, OR REFINANCE AN EXISTING USDA LOAN AT A LOWER INTEREST RATE ELIGIBLE AREAS - TOWNS OF 20,000 POPULATION OR LESS TERM - 30 YEAR FIXED RATES NEGOTIABLE - NOT TO EXCEED THE LENDER’S PUBLISHED VA RATE OR FANNIE MAE’s 30 YR. CONVENTIONAL ACTUAL/ACTUAL 90 DAY DELIVERY PLUS 60 BASIS POINTS (WHICHEVER IS GREATER) APPLICANT - MODERATE INCOME INDIVIDUALS INTERNET ADDRESS - http://www.rurdev.usda.gov/rhs/ProgramBriefs/brief_rhguar.htm
MULTI-FAMILY HOUSING (Rural Development Instruction 3565-A)
LOAN LIMIT - NOT FOR PROFIT 97% OF VALUE; FOR PROFIT 90% OF VALUE PURPOSES - BUILD OR PURCHASE WHEN $15,000 REPAIRS/UNITS NEEDED ELIGIBLE AREAS - TOWNS OF 20,000 POPULATION OR LESS TERM - 25 YEARS MINIMUM / 40 YEARS MAXIMUM RATES - NEGOTIATED BETWEEN THE DEVELOPER AND LENDER APPLICANTS - NONPROFIT, PUBLIC, AND PROFIT ORGANIZATIONS INTERNET ADDRESS - http://www.rurdev.usda.gov/rhs/ProgramBriefs/brief_mfh_rrh.htm
BUSINESS & INDUSTRY (Rural Development Instruction 4279 A & B)
LOAN LIMIT - $25 MILLION PURPOSES - BUSINESS AND INDUSTRY ACQUISITIONS, CONSTRUCTION & PURCHASE OF EQUIPMENT, MACHINERY OR SUPPLIES & WORKING CAPITAL & REFINANCING ELIGIBLE AREAS - TOWNS OF 50,000 POPULATION OR LESS TERM - REAL ESTATE 30 YEARS, CHATTEL 15 YEARS, WORKING CAPITAL 7 YEARS RATES - PRIVATE LENDER ESTABLISHES APPLICANTS -INDIVIDUALS, PUBLIC AND PRIVATE ORGANIZATIONS
INTERNET ADDRESS
http://www.rurdev.usda.gov/rbs/index.html http://www.rurdev.usda.gov/rbs/busp/bprogs.htm http://www.rurdev.usda.gov/rbs/busp/bsoftw.htm
COMMUNITY FACILITY (Rural Development Instruction 3575-A)
LOAN LIMITS - NO LIMIT PURPOSES - BUILD OR EXPAND VITAL COMMUNITY FACILITY ELIGIBLE AREA - LOCATED IN TOWNS UNDER 20,000 POPULATION TERMS - USEFUL LIFE NOT TO EXCEED 40 YEARS RATES - PRIVATE LENDERS ESTABLISH RATES ELIGIBLE APPLICANTS - PUBLIC ENTITIES & NONPROFIT ORGANIZATIONS INTERNET ADDRESS http://www.rurdev.usda.gov/rhs/cf/cp.htm
WATER & WASTE (RUS Instruction 1779)
LOAN LIMITS - NO LIMIT PURPOSES - CONSTRUCT, ENLARGE, EXTEND OR IMPROVE WATER OR WASTE DISPOSAL FACILITIES INCLUDING SOLID WASTE DISPOSAL ELIGIBLE AREA - LOCATED IN TOWNS UNDER 20,000 POPULATION TERMS - USEFUL LIFE NOT TO EXCEED 40 YEARS RATES - PRIVATE LENDERS ESTABLISH RATES ELIGIBLE APPLICANTS - PUBLIC ENTITIES & NONPROFIT ORGANIZATIONS INTERNET ADDRESS http://www.usda.gov/rus/water/prog.htm
OTHER INTERNET ADDRESSES
USDA RURAL DEVELOPMENT HOME PAGE http://www.rurdev.usda.gov/
ALL REGULATIONS:
http://rdinit.usda.gov/regs http://www.usda.gov/rus/index2/rusregs.htm
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