USDA Loan Guidelines – Terms of loan repayment

1980.321  Terms of loan repayment

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(a)  Note.  Principal and interest shall be due and payable monthly as provided in the promissory note.

(b)  Term.  The term for final maturity shall be not less than

30 years from the date of the note and not more than 30 years from the date of the first scheduled payment.

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