Don’t let an outdated URLA cause a delay!

USDA Rural Development sent this bulletin at 05/11/2021 04:04 PM EDT

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USDA Rural Development - Together, America Prospers

SFH Guaranteed Origination

May 11, 2021

Don’t let an outdated URLA cause a delay!

USDA will require the new URLA beginning June 1, 2021

Beginning June 1, 2021, USDA will require submission of the redesigned Uniform Residential Loan Application (URLA) (Fannie Mae Form 1003/Freddie Mac Form 65, effective date 1/2021) for all new loan requests. Therefore, all Single-Family Housing Guaranteed Loan Program (SFHGLP) loan requests utilizing the legacy URLA version must be submitted to Rural Development prior to June 1, 2021.

USDA will continue to accept both the legacy and the new (1/2021) version of the URLA through May 31, 2021. Lenders are encouraged to monitor their pipeline to ensure the new URLA is utilized for any loan that will not be submitted to USDA by May 31, 2021. Loans submitted with the expired legacy URLA on or after June 1, 2021 will be considered incomplete and USDA will be unable to process the request until the new 1/2021 version of the URLA is received.

Thank you for supporting the SFHGLP!

If you have any questions regarding this announcement or other program topics, contact us or visit our website for more information.

Help Resources

Rural Development Help Desk:

For GUS system, outage or functionality assistance

Email: RD.HD@USDA.GOV

Important Links:

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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