Rural Development Office

05/09/2024 | Press release | Distributed by Public on 05/09/2024 09:59

(May 9, 2024) U.S. Department of Agriculture (USDA) Rural Housing Service Administrator Joaquin Altoro today announced that USDA has approved an exemption to meet industry[...]

Interested applicants:

Interested applicants can apply for a Section 502 Guaranteed Loan through USDA Rural Development's network of approved lenders. These approved lenders are also your point of contact for any questions or scenarios you wish to have reviewed for possible eligibility.

This list of active lenders is searchable by state and every effort is made by the SFHGLP team to keep this up to date.

If you are seeking a Single Close Construction-to-Permanent Loan, this list contains current participating lenders for that program.

If you are a lender seeking the SFHGLP team, please visit the lender page for contacts.

Distressed Borrowers:
USDA Rural Development does not directly offer workout plans to homeowners in the Single-Family Housing Guaranteed Loan Program. We urge any customer with a guaranteed loan seeking assistance to contact their mortgage servicing lender immediately to determine their eligibility for potential work out options. Examples of work out options include but are not limited to: Informal Forbearance, Special Forbearance, Loan Modification, Special Loan Servicing and Pre-Foreclosure Sale. The customer service number for the servicing lender is typically provided on your mortgage statement or can be found at their online internet address.

Other RD Programs and Services:
The Guaranteed Loan Program is just one of several housing programs Rural Development offers to strengthen rural communities. If the Guaranteed Loan Program is unable to meet your affordable housing needs, we encourage you to contact your local state RD office to learn more about our Single-Family Housing Direct Programs!