USDA Loan Guidelines – Transactions which will not be guaranteed

1980.325  Transactions which will not be guaranteed

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(a)  Lease payments.  Payments made on a lease will not be guaranteed.

(b)  Loans made by other Federal agencies.  Loans made by other Federal agencies will not be guaranteed.  This does not preclude guarantees of loans made by an FCS institution with direct lending authority.  This also does not preclude loans made by state or local government agencies assisted by a Federal agency.

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Posted in USDA Underwriting Guidelines by pauldunn No Comments Yet