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For the Missouri Rural Development Home Page click here!


Welcome to the Missouri Guaranteed Rural Housing Web Site For Lenders and Future Homeowners!

 
MISSOURI PROCESSING SCHEDULE
as of Tuesday, September 23, 2014

We are processing Conditional Commitments for applications received on:
9-17-2014

We are
processing Loan Note Guarantee closing packets received on:
8-11-2014


ANNUAL FEE INCREASE

On October 1, 2014 the annual fee for both purchase and refinance loans will increase from .4% to .5%. This change is required to maintain a neutral cost of the program. The Guaranteed Underwriting System (GUS) has been updated to allow lenders to select and underwrite at either the .4% or .5% annual fee structure.

The cutoff date for loan submissions in Missouri will be September 24, 2014. All loans submitted after this date should be underwritten at the .5% rate.


JOPLIN WAIVER EXPIRATION

The Joplin Waiver, which was sought by Rural Development to assist families in those counties of Jasper and Newton and the city of Joplin to purchase homes thru the RD Guaranteed Housing program that was not previously eligible, will expire on September 30, 2014.

Due to the high volume of applications coming in, please have all complete applications for the Joplin waiver submitted to our Guaranteed Rural Housing team no later than September 19, 2014 to ensure that we have ample time to process the files.

TRAINING CANCELATIONS: NEW 7 CFR Part 3555 Training Schedule

Due to extenuating circumstances we are postponing all scheduled live webinars on 7 CFR Part 3555 Origination and Servicing Overview.  A new training calendar will be distributed the week of October 6, 2014.
 

  • All GRH Staff are devoted to issuing Conditional Commitments for the remainder of September in an effort to decrease turn-times prior to the October 1st implementation of increased annual fees.
  • As an approved lender it is your responsibility to submit a complete package.  Incomplete submissions will not be processed.  Please refer to the Origination Stacking Order Checklist (Attachment C) and the Loan Closing Stacking Order Checklist (Attachment D) for a listing of required documents.
  • We are unable to accommodate rush requests or pre-qualifications
  • Please run specific file inquiries through the approved lender underwriter.  Borrowers and Realtors should contact their lender for information.

Thank you for your patience and understanding.


Frequently Asked Questions and Answers
Automated Lender Loan Closing System Now Available!
A Letter from our State Director dated 1-18-2013:
 Recent Changes in the Missouri Rural Development Guaranteed Home Loan Program
Guaranteed Rural Housing Brochure
MO 2014 Income Limits
No Maximum Loan Amount!
Missouri Lender Fact Sheet
JOPLIN WAIVER EXTENDED TO 9-30-14

One time guarantee fee 2.0% for purchases and refinances!

HOW TO BECOME AN APPROVED LENDER

GUARANTEED UNDERWRITING SYSTEM (GUS)
Click here to learn all about it.

RESOURCES FOR LENDERS
Lender Interactive Network Connection (LINC)
LINC Training & Resource Library
Fannie Mae's 30 Year Fixed Interest Rate: 
   Refer to page 26 of the 1980-D instructions on interest rate
List of HUD Appraisers


FORMS
Submission Checklist Lender’s Origination Submission Checklist
Closing Checklist Lender’s Loan Closing Submission Checklist and Cover for Guarantee Request
Form 1980-11 Guaranteed Rural Housing Lender Record Change
Form 1980-16 Agreement for Participation in SFH Guaranteed/Insured Loan Programs of the US Gov.
Form 1980-19 Guaranteed Loan Closing Report
Form 1980-21 Request for SFH Loan Guarantee
AN 4174 Worksheet for Documenting Eligible Household and Repayment Income

REGULATIONS

Guaranteed Coordination Team
Higginsville Service Center
120 West 19th Street, Suite 102
Higginsville, MO  64037-1509

Telephone: (660) 584-8732, Ext. 4
For Questions, Email:

Lender Questions Team
Nancy Long
Pam Anglin

Last Modified:09/22/2014 
 
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