Data / Federal rules / 2024-21404
Single Family Housing Guaranteed Loan Program
The Rural Housing Service published this proposed rule in the Federal Register on September 19, 2024. Comments closed on November 18, 2024.
SpecStream is the live web data engine for teams and agents. It reads every rule and proposed rule in the Federal Register each morning, and this page is that reading. Name your industry once and new rules, comment deadlines and effective dates arrive in your sheet, CRM, Slack or agent as they are published.
What the agency says
The Rural Housing Service (RHS or Agency), a Rural Development agency of the United States Department of Agriculture (USDA), proposes to amend the current Single Family Housing Guaranteed Loan Program (SFHGLP) regulation to change the requirements for the length of time a prior Agency loss is considered significant derogatory credit and address seasoning requirements and payment performance for refinance transactions. This proposed rule intends to establish a seven-year time frame for the applicant to re-establish credit after a prior loss claim with the Agency before that loss would no longer be considered significant derogatory credit. This proposed rule also intends to clarify the seasoning requirements and expected payment history requirements for all three refinance submission types within the SFHGLP and identify when applicants are eligible to refinance their current mortgage.
Key facts
- Document number
- 2024-21404
- Type
- Proposed rule
- Action
- Proposed rule
- Agency
- Agriculture Department; Rural Housing Service
- Published
- September 19, 2024
- Comments due
- November 18, 2024
- Dates
- Comments must be submitted on or before November 18, 2024.
- Docket
- Docket No. RHS-24-SFH-0029
- Regulation ID (RIN)
- 0575-AD38
- Code of Federal Regulations
- 7 CFR 3555
- Topics
- Administrative practice and procedure; Business and industry; Credit; Environmental impact statements; Fair housing; Flood insurance; Grant programs-housing and community development; Home improvement; Housing; Loan programs-housing and community development; Low and moderate income housing; Manufactured homes; Mortgage insurance; Mortgages; Reporting and recordkeeping requirements; Rural areas
- Pages
- 5
Other documents from the Rural Housing Service
| Document | Type | Published |
|---|---|---|
| Rescission of Rural Development's Construction and Repair Regulation 2026-16914 | Proposed rule | Aug 19 |
| Direct Multifamily Housing Subsequent Loans for Acquisition 2026-13455 | Proposed rule | Jul 2 |
| Changes Related to Insurance Requirements in Multi-Family Housing (MFH) Direct Loan and Grant Programs 2026-07618 | Final rule | Apr 20 |
| Single Family Housing Guaranteed Loan Program-Limited Party Concessions 2026-07617 | Proposed rule | Apr 20 |
| Revisions to the Calculation of Annual Household Income and Net Family Assets in the Section 515 Rural Rental Housing and Section 514/516 Farm Labor Housing Programs 2026-07064 | Final rule | Apr 13 |
| Multi-Family Housing Simple Transfer Pilot Program 2026-06951 | Final rule | Apr 10 |
| Single Family Housing Guaranteed Loan Program-Income Producing Accessory Dwelling Unit (ADU) Provisions 2026-06173 · significant | Proposed rule | Mar 31 |
| Single Family Housing Guaranteed Loan Program 2026-05387 · significant | Final rule | Mar 19 |
Everything from the Rural Housing Service · Rules on administrative practice and procedure · Rules on business and industry · Rules on credit · Published in September 2024
Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.