VERMONT ● NEW HAMPSHIRE

SINGLE FAMILY HOUSING GUARANTEED LOAN PROGRAM
In the Guaranteed Loan Program, Rural Development (RD) guarantees loans made by local lenders. (A loan guarantee through RD means that, should the individual borrower default on the loan, RD will pay the bank the balance due on the loan.) The individual works with the private lender and makes payments to that lender. The borrower pays a fee of 3.5% of the loan amount for this guarantee. Under the terms of the program, an individual or family may borrow up to 100% of the appraised value of the home, which eliminates the need for a down payment. See USDA Rural Development Single Family Housing National website for additional details.
Income Eligibility:
New Hampshire	Vermont
This program works on the basis of adjusted income. We suggest you contact your local lender if your income is close to these limits, or if you have a family size in excess of eight persons. If you income is below these limits, you might still qualify for a USDA Rural Development’s Single Family Housing (SFH) Direct Loan Program. Click here for more information about the SFH Direct Loan Program.
Ineligible Areas for Single Family Housing Programs: The following areas are ineligible for the Rural Housing Programs due to population density:
Concord, Derry, Dover, Hudson, Keene, Nashua, Londonderry, Manchester, Merrimack, Portsmouth, Rochester, Salem, parts of Goffstown and Hooksett.	Burlington, South Burlington, Winooski, Southeast Area of Colchester Essex Junction
How to Apply: Interested applicants begin by contacting a local lender. A list of approved lenders for New Hampshire and Vermont can be found on the Guaranteed Rural Housing Program brochure, or by contacting a Housing Specialist in your state.
NEW HAMPSHIRE Colleen Ladew	VERMONT Rita Weisburgh
LENDER TOOLS
NH Single Family Housing Guarantee Loan Program Quick Reference Guide VT Single Family Housing Guarantee Loan Program Quick Reference Guide Guarantee Fee Calculator (click here) Guarantee Lender Forms 1980-11 Lender Record Change 1980-19 Loan Closing Report 1980-21 Request for SFH Loan Guarantee 1980-86 Request for Reservation of Funds Home Inspection Forms for Lenders
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