Community Facilities Guaranteed Loan Program Application - rurdev usda 2025

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by filling out the 'Applicant Information' section. Enter your name, street address, city, county, state, IRS tax ID, zip code, fiscal year end, type of applicant (e.g., corporation), and designated applicant contact details including their address and email.
  3. Next, move to the 'Lender Information' section. Provide the lender's name, address, city, state, zip code, IRS tax ID number, and contact details for the lender representative.
  4. In the 'Project Information' section, check one option that best describes your project type such as a new facility or debt refinancing.
  5. Complete the 'Project and Loan Request Breakdown' by detailing costs associated with land acquisition/improvement, real estate construction/acquisition, machinery & equipment purchase, debt refinancing, working capital, and any other specified costs.
  6. Provide a brief history of the facility and describe the products/services offered in the respective sections. Answer questions regarding regulatory issues or federal debt delinquency as applicable.
  7. Finally, ensure you attach all required documents listed at the end of the application before submitting it to Rural Development via email or mail.

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Once youve signed a purchase agreement, the USDA loan application process typically takes around 30-45 days. The faster all parties work together to complete and provide documents for loan approval, the quicker final loan approval and closing can happen.
The Facility Guarantee Program (FGP) provides credit guarantees for infrastructure improvements in countries where demand for U.S. agricultural products may be limited by lack of adequate facilities.
The Community Facilities Guaranteed Loan Program guarantees loans from eligible private lenders to help build essential community facilities in rural areas. Funds can be used to purchase, construct, and/or improve essential community facilities, purchase equipment, and pay related project expenses.
Backed by USDA Rural Development, the 90 percent loan note guarantee encourages lender participation by helping them minimize risk. With a Single Family Housing Guaranteed Loan, applicants can buy an existing home (including the cost of rehabilitating, improving, or relocating the dwelling) or they can build new.
If you exceed the USDAs set income limits for your area and household size, you wont qualify. Property Eligibility: USDA loans are specifically for properties that the USDA has designated as rural. If the property isnt in an eligible area, it wont qualify for a USDA loan.
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USDA loans require that the property be in good condition and safe for occupancy. Homes may be disqualified due to: Structural Issues: Major problems with the foundation, roof, or overall structure. Safety Hazards: Exposed wiring, lack of smoke detectors, or other safety concerns.
What does this program do? The Community Facilities Direct Loan and Grant program provides affordable funding for essential community facilities in rural areas. Examples include health care facilities, buildings like town halls, and public safety facilities such as fire departments.

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