#2026-05387Tek Aile Konut Garantili Kredi Programı
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
The USDA is streamlining the rural home loan guarantee program by letting approved lenders use automated systems to underwrite and close loans. Delegated Lenders can now get loan guarantees after closing using automated underwriting, rather than waiting for manual government review. This affects rural homebuyers, mortgage lenders serving rural areas, and USDA Rural Development. Faster loan processing means quicker home purchases for families in rural communities — a meaningful improvement for an often slow process.
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Action
Final rule.
Obligations
What this law requires
Delegated Lenders must use approved automated loan underwriting systems to underwrite single-family housing loans under the SFHGLP
Delegated Lenders must use approved automated loan closing systems to close loans under the SFHGLP
Delegated Lenders must obtain Loan Note Guarantees from RHS after loan closing (rather than before closing) when using automated underwriting and closing systems
Rural Housing Service must approve the automated underwriting and closing systems used by Delegated Lenders before those systems can be used for loan processing
Delegated Lenders must maintain eligibility status as 'Delegated Lenders' in the SFHGLP to exercise post-closing guarantee authority