USDA Rural Development

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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