GroundRules
7 CFR 3550.64: Down payment.
Where this section sits in the code
- Title 7—Agriculture
- Subtitle B—Regulations of the Department of Agriculture
- CHAPTER XXXV—RURAL HOUSING SERVICE, DEPARTMENT OF AGRICULTURE
- PART 3550—DIRECT SINGLE FAMILY HOUSING LOANS AND GRANTS
- Subpart B—Section 502 Origination
Elderly families must use any net family assets in excess of $20,000 towards a down payment on the property. Non-elderly families must use net family assets in excess of $15,000 towards a down payment on the property. Applicants may contribute assets in addition to the required down payment to further reduce the amount to be financed.
Collected 2026-08-27T02:24:01Z. Source file · JSON