Family Housing Loan Program - USDA Rural Development
12/31/2016
MANUFACTURED HOUSING
Single Family Housing Guaranteed Loan Program
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Training Objectives
? Where is the topic located? * 7 CFR Part 3555 and HB-1-3555
? Learning Checks ? Resources
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12/31/2016
Things change!
? Every effort has been made to ensure training references are accurate at the time of publication.
? Always reference the most recent USDA publications available online.
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Guaranteed Loan Program Regulation 7 CFR Part 3555
? The regulation is the rule! ? 8 Subparts: A ? H ? Appendix 1
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7 CFR Part 3555
12/31/2016
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7 CFR Part 3555
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7 CFR Part 3555
Subpart E: Underwriting the Property
? .201: Site requirements
? .202: Dwelling requirements
? .203: Ownership requirements
? .204: Security requirements
? .205: Special requirements for condominiums
? .206: Special requirements for community land trusts
? .207: Special requirements for Planned Unit Developments (PUD's)
? .208: Special requirements for manufactured homes
? .209: Rural Energy Plus loans
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7 CFR Part 3555
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Guaranteed Loan Program Technical Handbook HB-1-3555
? Provides guidance to support the regulation ? HB is not the rule ? 20 Chapters
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HB-1-3555
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HB-1-3555
12/31/2016
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TIPS
? Underwriter = USDA Approved Lender ? USDA = not an underwriter ? Research Rule & HB questions: Table of Contents ? Research Rule & HB questions: Control + F
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12/31/2016
7 CFR PART 3555 / HB-1-3555 LEARNING CHECKS
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"Topic"
Question Slide
? Question will be bulleted with scenario, or ? Include a statement/question
TRUE/FALSE or other answer options will be displayed
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12/31/2016
ANSWER SLIDE
"Topic" ANSWER: 7 CFR Part 3555 and HB-1-3555 references provided
X. Correct Response ? Additional guidance for clarification may be provided
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