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 firstname.lastname@example.org
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
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 email@example.com Thank you.
E-mail address for credit package submissions: firstname.lastname@example.org
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 email@example.com 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.
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 firstname.lastname@example.org.
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
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
Guaranteed Underwriting System (GUS) Online Training
Want to Become an Approved Lender?