SFH Guaranteed Origination
July 9, 2020
ADVANCE COPY NOTICE: HB-1-3555 Chapter 15 Submitting the Application Package
The Single Family Housing Guaranteed Loan Program (SFHGLP) will publish a revision to technical HB-1-3555, Chapter 15, “Submitting the Application Package”. An advance copy is available on USDA LINC Training and Resource Library for lender review and preparation.
The advance copy will be available for a minimum of 30 days for review. A Procedure Notice (PN) will be issued when the chapter has been published online.
Highlights of the revised HB-1-3555, Chapter 15 include but are not limited to:
- Procedures for submitting the application package to the appropriate Origination and Processing Division and links to contacts.
- Clear description for manually underwritten loans and other types of application packages.
- Additional guidance for electronic signatures.
- Updated Loan Origination Checklist that includes documentation for refinance transactions.
Questions regarding program policy and this announcement may be directed to the National Office Division at sfhgld.program@usda.gov or (202) 720-1452.
Thank you for supporting the Single-Family Housing Guaranteed Loan Program!
Links to websites:
SFHGLP Lending Partner Webpage: https://www.rd.usda.gov/page/sfh-guaranteed-lender
SFHGLP webpage: https://www.rd.usda.gov/programs-services/single-family-housing-guaranteed-loan-program
USDA LINC Training and Resource Library:
https://www.rd.usda.gov/programs-services/lenders/usda-linc-training-resource-library
Procedure Notices: https://www.rd.usda.gov/resources/directives/procedures-notices
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