{"data":{"id":"us/7-cfr-3555.102","jurisdiction":"us","citation":"7 CFR 3555.102","heading":"Loan restrictions.","body":"A guarantee will not be issued if loan funds are to be used for:\n(a) Existing manufactured homes. Purchase of an existing manufactured home, except as provided in § 3555.208(b)(3);\n(b) Income producing land or buildings. Purchase or improvement of land or buildings that are typically used principally for income-producing purposes;\n(c) Business or income-producing enterprise. Purchase or the construction of buildings which are largely or in part specifically designed to accommodate a business or income-producing enterprise;\n(d) Loan discount points. Loan discount points, except as provided in § 3555.101(b)(6)(vi);\n(e) Refinancing. Refinancing, except as provided in § 3555.101(d);\n(f) Buydown. Establishing a buydown account;\n(g) Lease. Payments on a lease; or\n(h) Seller concessions. Purchasing a home if the seller, or other interested third party, contributes more than 6 percent, unless otherwise provided by the Agency, of the property's sales price toward the purchaser's mortgage financing costs, closing costs, escrow accounts, furniture or other giveaways.","path":["Title 7—Agriculture","Subtitle B—Regulations of the Department of Agriculture","CHAPTER XXXV—RURAL HOUSING SERVICE, DEPARTMENT OF AGRICULTURE","PART 3555—GUARANTEED RURAL HOUSING PROGRAM","Subpart C—Loan Requirements"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-7.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:01Z","sha256":"e6d88b816b9d45537ae7f09e06484249574c9a50687a5020eed9d25e27d5599e","source_id":"us-cfr","stale":true,"prev":"us/7-cfr-3555.101","next":"us/7-cfr-3555.103"},"notice":"GroundRules: Original legal text. Not legal advice."}