USDA RD 3555-21 2018 free printable template

Form RD 3555-21 Rev. 10-18 Form Approved OMB No. 0575-0179 UNITED STATES DEPARTMENT OF AGRICULTURE RURAL DEVELOPMENT RURAL HOUSING SERVICE REQUEST FOR SINGLE FAMILY HOUSING LOAN GUARANTEE Approved Lender Contact Phone Number Third Party Originator TPO TPO Tax ID No Please issue a Conditional Commitment for Single Family Housing Loan Guarantee in the following case Applicant Information Please complete or mark as appropriate Co-Applicant Information Please complete or mark as appropriate Name...

How to fill out USDA RD 3555-21

How to fill out USDA RD 3555-21

1. Obtain the USDA RD 3555-21 form from the USDA or authorized source.
2. Fill out your personal information, including your name, address, and contact information.
3. Provide detailed information about the property for which you are applying, including the address and type of property.
4. Specify the loan amount you are requesting and provide any necessary income documentation.
5. Complete the financial information section, including income, assets, and liabilities.
6. Review the property eligibility criteria and indicate if the property meets these criteria.
7. Sign and date the form to certify that the information provided is accurate and complete.
8. Submit the completed form along with any required attachments to your loan officer or the appropriate USDA office.

Who needs USDA RD 3555-21?

1. Individuals or families seeking to purchase a home in rural areas who wish to apply for a USDA Rural Development loan.
2. First-time homebuyers looking for affordable housing options with favorable loan terms.
3. Borrowers with low to moderate income who may not qualify for conventional loans.

Instructions and Help about USDA RD 3555-21

Hello, and welcome to the United States Department of Agriculture (USDA) Rural Development (RD) Applicant Orientation Guide video. This video will inform you of Agency processes, procedures, requirements, and obligations, before and after closing of a single family housing direct loan. At the end of the video, you will be required to sign Form RD 3550-23 and return it to the RD office processing your request, which will indicate you have viewed this video in its entirety. If you need assistance with viewing or completing any part of this guide or video, please contact the RD office processing your request. They will be able to help answer any questions should they arise. Now, go ahead and grab a pen and paper to take notes and/or jot down any questions. You may press “pause” then “play”, when you are ready to resume. Now let’s get started with your rights as an applicant. USDA is an equal opportunity employer, provider and lender. USDA civil rights regulations and policies prohibit discrimination in Agency programs for any reason. The Department’s non-discrimination statement which includes contact information for individuals requiring alternative communication means, and information on filing a program discrimination complaint, can be found at the following website: You also have the right to appeal program administrative actions if you are adversely affected. For example, having payment assistance reduced, canceled, or not renewed. Now that we have reviewed your Equal Opportunity and Appeals rights, let’s discuss Inspections. Applicants are responsible for property inspections needed to protect their own interests in existing dwellings. Third-party inspections help determine if the property meets standards set by RD. To verify that all major systems are adequate, applicants purchasing an existing home must engage the services of a State-licensed inspector. The inspector will perform a whole house inspection and certify that the dwelling meets the Agency’s standards with respect to: termites and other pests (this may be separate from the whole house inspection); plumbing, water and sewage; heating and cooling; electrical systems; and structural soundness. The inspection report must be a comprehensive document that meets the minimum standards of the professional home inspector associations. When a State does not license inspectors, a qualified, independent, third-party inspector may perform the inspection and provide the necessary certifications. The Agency will provide you with a document called, Settlement Service Providers, which can assist you in finding an inspector. This will briefly be discussed as we continue. RD does not guarantee the value or condition of a home it finances. If problems arise with the condition of the home after loan closing, you may contact the RD office processing your loan request about pursuing a subsequent loan for repairs. Now we will move to the section entitled “Closing” At this time, we will discuss down...

What is usda form 3555 21?

The USDA recently revised RD Form 3555-21 (Request for Single Family Housing Loan Guarantee). Effective November 1, 2018, all loan packages submitted to the USDA for the Single Family Housing Guaranteed Loan Program must include the revised RD Form 3555-21.

People Also Ask about

What are the three responses to the issuance of Form RD 3555 18 18E?

The lender has three responses to the issuance of Form RD 3555-18/18E; the lender may accept the terms and conditions, decline the terms and conditions for loan guarantee, or request that the terms and conditions be altered.

What is Form 3555 18?

Form RD 3555-18, Conditional Commitment for Single Family Housing Loan Guarantee has been revised to allow up to five borrowers and remove reference to the “attached Lender Certification” and the lender is directed to electronically execute all loan closings in the LLC.

What is USDA Form 3555 18?

Form RD 3555-18, Conditional Commitment for Single Family Housing Loan Guarantee has been revised to allow up to five borrowers and remove reference to the “attached Lender Certification” and the lender is directed to electronically execute all loan closings in the LLC.

What is a 3555 form?

Form RD 3555-21 (Rev. 00-00) RURAL DEVELOPMENT RURAL HOUSING SERVICE REQUEST FOR SINGLE FAMILY HOUSING LOAN GUARANTEE.

What is the form RD 3555 21?

As previously announced, Form RD 3555-21, Request for Single Family Housing Loan Guarantee, was updated on August 30, 2022. All loan requests submitted to the Agency on or after November 30, 2022, must include the newly revised form with the August 2022 revision date.

Why would a USDA loan get denied?

Things like unverifiable income, undisclosed debt, or even just having too much household income for your area can cause a loan to be denied. Talk with a USDA loan specialist to get a clear sense of your income and debt situation and what might be possible.

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What is USDA RD 3555-21?

USDA RD 3555-21 is a form used in the USDA Rural Development single family housing guaranteed loan program. It is used to collect information regarding the borrower's eligibility and loan application.

Who is required to file USDA RD 3555-21?

Individuals or entities applying for a USDA Rural Development guaranteed loan for purchasing a home in eligible rural areas are required to file USDA RD 3555-21.

How to fill out USDA RD 3555-21?

To fill out USDA RD 3555-21, applicants need to provide personal information, financial details, property information, and comply with specific guidelines, ensuring all sections are accurate and complete.

What is the purpose of USDA RD 3555-21?

The purpose of USDA RD 3555-21 is to determine borrower eligibility for the USDA loan program, assess financial capability, and ensure compliance with program requirements.

What information must be reported on USDA RD 3555-21?

Information that must be reported on USDA RD 3555-21 includes personal identifying information, income details, asset declarations, loan amount requested, and property specifics.