Information for Guaranteed Single-Family Housing Lenders


Today is Friday, May 24, 2013
  • We will do our best to provide daily updates on our status regarding conditional commitments and loan note guarantees. Before calling our office or e-mailing for status updates, please first check our website to find out what day we are currently working on. Thank you.
  • TODAY for conditional commitments, we are working on files received May 22 and then will start on files received May 23.
  • It is the end of the month again.  Do not contact us unless it is absolutely essential as every call and e-mail slows down our ability to focus on reviewing and approving files.  If you must contact us for status on your file, make sure it has been a minimum of 48 hours since we notified you that we have received a fully complete file and only 1 person should be contacting us through the general e-mail box gsfh@mn.usda.gov
  • If you receive a return letter after you submit a file, we will retain no record of that submission - your re-submission of the entire file including missing/corrected documents will be our only record of that file!
  •  Only one person, the contact person listed on the 1980-21, should ever be calling on any file.  If you are already working with a Specialist on a file then that is who you should be talking to. Do not call and/or e-mail multiple people regarding one question or file!
  • Before calling or e-mailing us to check status of your file, check our website for the dates we are working on. We can not pull anyone's file and place it ahead of others - for any reason.

    In anticipation of the "busy season", we have started a new process.  We find that we are spending way too much time going back and forth trying to get a complete/correct package. As an approved lender it is your responsibility to submit a fully complete and correct package.  Going forward if we receive packages that are not, it will be returned to you for correction.  You can then re-submit the full package to us for processing as we will not be keeping anything originally sent in and will have no record of the file.

  • For loan note guarantees we are working on files where packages were received on May 14.
       Please do not request a status update on LNG's until your closing package has been here for more than 10 business days.

    ✔ Remember that your file is considered received once it is fully complete and submitted before 2 p.m.. Anything submitted after 2 p.m. is considered received the following day. Regarding complete files, please note that the RD 1980-21, "Request for Single Family Housing Loan Guarantee" form, is our required legal document and must be 100 percent complete and signed by both the Lender and the Borrower(s). If not, your file is not considered complete and processing of your file will be delayed. Thank you.

     

    Single-Family Guaranteed Alerts

  • Please look for our Newsletter which should be coming out in the next day or two!  Also will be posted on our website!  If you want to be added to our e-mail list, please e-mail Jaci Betcher at jaci.betcher@mn.usda.gov
  • The newest version of the 1980-21 form is dated February 2013 must be included with your packages - and must be signed by the borrower(s) and lender. We can't process your file without all pages of the form. 

    Contact and other Information

  • Send all inquiries and documentation regarding loan note guarantees to the following e-mail box which was created specifically for closings gsfhlng@mn.usda.gov Thank you.
  • E-mail address for credit package submissions: gsfh@mn.usda.gov
  • Fax number for credit package submissions: (651) 602-7833.
  • If mailing credit packages, send to USDA Rural Development, Attn: Guaranteed Single-Family Housing, 375 Jackson St., Suite 410, St. Paul, MN 55101.
  • All questions should be directed to gsfh@mn.usda.gov unless you have been working directly with a specialist. If you have been working with a specialist, then all questions, documentation, etc. should go directly to that specialist.
  • Please note what day(s) we are working on and if your file was received after that, allow a full 48 business hours before contacting us regarding status of your files. Have only one person contact us so we don't end up with multiple people following up on the same issue. Don't call to ask us for a "rush" as all files are worked in the order that they are received
  • Be sure to bookmark this page and check it daily for the latest updates. Refresh the page if it is not updated. We will try to have it updated by 8 a.m. every morning.

    News and Notes

  • No changes will occur to Rural Development's eligible area criteria before March 27, 2013. For more information, click here.
  • Following is the link to the annual fee calculator Once there scroll down to the “Loan Origination” section and it is listed under Documentation and Resources.
  • Be sure to check out information on online training opportunities. for the guaranteed program.

    GSFH Newsletters

  • Spring 2013 Newsletter
  • Winter 2012 Newsletter

    • Forms and Documents

  • Minnesota Income Limits
  • Approved Lenders in Minnesota
    *We compiled this list to the best of our knowledge. If you see errors or omissions, please email jaci.betcher@mn.usda.gov.
  • National Approved Lenders List
  • Guaranteed Brochure (updated 5/03/13)
  • Approved Manufactured Dealers
  • Guaranteed Rural Housing Fee Calculator
  • 2012 Activity Map
  • Guaranteed Housing Staff
  • 1980-21 (Rev. February 2013)
  • 1924-A: Information on Well Testing Requirements (Rev. December, 2011)
  • Underwriting & Closing Documentation Matrix
  • Regulation 1980-D
  • Worksheet for Documenting Annual and Repayment Income
  • Checklist for Submitting Files for Conditional Committment
  • Closing Submission Checklist and Cover for Request of Final Loan Note Guarantee
  • Administrative Notices
  • Guaranteed Underwriting System (GUS) Online Training

    • Want to Become an Approved Lender?