Tag: Rural Housing Service

Rural Housing Service Publishes Final Rule to Encourage Single-Close Loans

Filed in Housing Finance by on July 22, 2019 0 Comments
Rural Housing Service Publishes Final Rule to Encourage Single-Close Loans

A final rule by the Rural Housing Service (RHS) published July 22 in the Federal Register will provide increased flexibility for the agency to facilitate and encourage single-close construction loans, which will stimulate new construction, rehabilitation and homeownership in rural areas.

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Administration Proposes $40 Million Cut for Rural Housing Programs

Filed in Advocacy, Multifamily by on May 8, 2018 0 Comments
Administration Proposes $40 Million Cut for Rural Housing Programs

The Trump administration has proposed a $15.4 billion package of spending cuts that includes a $42 million reduction for the Rural Housing Service (RHS).

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RHS Releases Final Rule for Single Family Loan Program

Filed in Codes and Standards, Housing Finance by on February 9, 2016 0 Comments
RHS Releases Final Rule for Single Family Loan Program

The USDA Rural Housing Service published a final rule on Feb. 8 implementing changes to its Single Family Housing Guaranteed Loan Program. The final rule is designed to streamline the program in several ways.

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USDA to Raise Upfront Fee on No-Downpayment Loans from 2% to 2.75%

Filed in Housing Finance by on July 1, 2015 0 Comments

The U.S. Department of Agriculture’s Rural Housing Service (RHS) is increasing its upfront fee paid by borrowers on a no-downpayment loan from 2% to 2.75% effective Oct. 1. According to an RHS official, the difference in monthly payments is $4.83 for a typical $135,000 loan.

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Rural Housing Service Announces Program Changes

Filed in Housing Finance by on December 17, 2014 0 Comments
Rural Housing Service Announces Program Changes

The Rural Housing Service, which promotes housing in rural areas and is run by the U.S. Department of Agriculture, is updating its loan programs by streamlining processes, reducing regulations and strengthening the agency’s ability to manage its programs.

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