USDA Rural Home Loans for Arizona

USDA Loan Guidelines – Terms of loan repayment 1980.321  Terms of loan repayment Back to USDA Rural Home Loans home Back to USDA Guidelines main (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 [...]

USDA Loan Guidelines – Interest rate 1980.320  Interest rate Back to USDA Rural Home Loans home Back to USDA Guidelines main The interest rate must not exceed the established, applicable usury rate.  Loans guaranteed under this subpart must bear a fixed interest rate over the life of the loan.  The rate shall be agreed upon [...]

USDA Guidelines – Other Requirements 1980.319  Other Federal, State, and local requirements Back to USDA Rural Home Loans home Back to USDA Guidelines main In addition to the specific requirements of this subpart, on all proposals financed with an RHCDS guarantee, Lenders and/or applicants must coordinate with all appropriate Federal, State, and local agencies.  Applicants [...]

USDA Guidelines – hazard area precautions 1980.318 Flood and mudslide hazard area precautions Back to USDA Rural Home Loans home Back to USDA Guidelines main RHCDS policy is to discourage lending in designated flood and mudslide hazard areas.  Loan guarantees shall not be issued in designated flood/mudslide hazard areas unless there is no practical alternative. [...]

USDA Guidelines – Equal opportunity 1980.317  Equal opportunity and nondiscrimination Back to USDA Rural Home Loans home Back to USDA Guidelines main Equal opportunity and nondiscrimination requirements in use, occupancy, rental, or sale of housing. (a)  Compliance.  Loans guaranteed under this subpart are subject to the provisions of various civil rights statutes.  RHCDS and the [...]

USDA Guidelines – Environmental requirements 1980.316  Environmental requirements Back to USDA Rural Home Loans home Back to USDA Guidelines main The requirements of subpart G of part 1940 of this chapter apply to loan guarantees made under this subpart.  Lenders and applicants must cooperate with RHCDS in the completion of these requirements.  Lenders must become [...]

USDA Guidelines – Escrow accounts for exterior development 1980.315  Escrow accounts for exterior development Back to USDA Rural Home Loans home Back to USDA Guidelines main When proposed exterior development work cannot be completed because of weather and the work remaining to be done does not affect the livability of the dwelling, an escrow account [...]

USDA Guidelines – Loans on leasehold interests 1980.314  Loans on leasehold interests Back to USDA Rural Home Loans home Back to USDA Guidelines main A loan may be guaranteed if made on a leasehold owned or being acquired by the applicant when the Lender determines that long-term leasing of homesites is a well established practice [...]

USDA Guidelines – Site and building requirements 1980.313  Site and building requirements Back to USDA Rural Home Loans home Back to USDA Guidelines main (a)  Rural area.  The property on which the loan is made must be located in a designated rural area as identified in § 1980.312 of this subpart.  A nonfarm tract to [...]

USDA Guidelines – Rural area designation 1980.312  Rural area designation. Back to USDA Rural Home Loans home Back to USDA Guidelines main A rural area is an area which is identified as rural by Rural Development in accordance with 7 CFR part 3550.  Current county maps showing ineligible areas are available in Rural Development field [...]