Rd 3560 13-2025

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The document is a Management Certification form required by the United States Department of Agriculture for borrowers of multifamily housing loans. It outlines the responsibilities and agreements between the borrower and management agent regarding compliance with Rural Development regulations, management fees, tenant selection, insurance requirements, and adherence to fair housing laws. The form also includes certifications related to identity-of-interest and mandates documentation for project operations.

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2011	4.9 Satisfied (52 Votes)
2005	4.1 Satisfied (65 Votes)

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What is the assumption of a USDA loan?

In the case of USDA assumable loans, the buyer needs to meet USDA eligibility requirements and the loan must be in good standing. The USDA must approve the assumption, and the assuming buyer must be owner-occupant, meaning they intend to live in the home as their primary residence.

What type of mortgage is the USDA?

The U.S. Department of Agriculture (USDA) has two home loan programs: the Section 502 Guaranteed Loan and the Section 502 Direct Loan. Both help eligible buyers with low to moderate incomes to purchase homes in rural areas and small towns. With a guaranteed loan, 90% of the loan amount is backed by the USDA.

What is the identity of interest for USDA?

Identity of interest relationships include any fi- nancial or other relationship that ex- ists or will exist between a lender, bor- rower, management agent, supplier, or any agent of any of these entities, that could influence, give the appearance of influencing or have the potential to in- fluence the actions of the

What is the 20% rule for USDA?

Applicants must be a U.S. citizen, a U.S. non-citizen national, or a qualified alien. An applicant has 20 percent for a down payment and closing costs saved between their checking, savings, and 401(k) retirement account. The applicant is not eligible for a guaranteed loan.

What is the USDA rural development loan?

USDA Rural Developments Section 502 Direct Loan Program provides a path to homeownership for low- and very-low-income families living in rural areas, and families who truly have no other way to make affordable homeownership a reality.

rd 3560 30

Rd 3560 13 pdf rd 3560-30 Rd 3560 13 requirements hb-2-3560 hb-2-3560 attachment 3-f 3560 form

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What is the interest on a USDA rural loan?

Effective February 1, 2025, the current interest rate for Single Family Housing Direct home loans is 4.75% for low-income and very low-income borrowers.

Rd 3560 13-2025

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What is the assumption of a USDA loan?

What type of mortgage is the USDA?

What is the identity of interest for USDA?

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What is the USDA rural development loan?

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What is the interest on a USDA rural loan?

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