{"data":{"id":"us/7-cfr-3565.102","jurisdiction":"us","citation":"7 CFR 3565.102","heading":"Lender eligibility.","body":"An eligible lender must be a licensed business entity or HFA in good standing in the state or states where it conducts business; be approved by the Agency; and meet at least one of the criteria contained below. Lenders who are not eligible may participate in the program if they maintain a correspondent relationship with a lender who is eligible. An eligible lender must:\n(a) Meet the qualifications of, and be approved by, the Secretary of HUD to make multifamily housing loans that are to be insured under the National Housing Act;\n(b) Meet the qualifications and be approved by Fannie Mae, Freddie Mac or Ginnie Mae to make multifamily housing loans that are to be sold to or securitized by such corporations;\n(c) Be a state or local HFA, or a member of the Federal Home Loan Bank system, with a demonstrated ability to underwrite, originate, process, close, service, manage, and dispose of multifamily housing loans in a prudent manner;\n(d) Be a lender who meets the requirements for Agency approval contained in this subpart and has a demonstrated ability to underwrite, originate, process, close, service, manage, and dispose of multifamily housing loans in a prudent manner; or\n(e) Be a lender who meets the following requirements in addition to the other requirements of this subpart and of subpart I of this part:\n(1) Have qualified staff to perform multifamily housing servicing and asset management;\n(2) Have facilities and systems that support servicing and asset management functions; and\n(3) Have documented procedures for carrying out servicing and asset management responsibilities.","path":["Title 7—Agriculture","Subtitle B—Regulations of the Department of Agriculture","CHAPTER XXXV—RURAL HOUSING SERVICE, DEPARTMENT OF AGRICULTURE","PART 3565—GUARANTEED RURAL RENTAL HOUSING PROGRAM","Subpart C—Lender 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":"9db2bf2f7a5d030f305d23e8548719bf8bd9d4a33af334c6002f9ba0ae06ff5e","source_id":"us-cfr","stale":true,"prev":"us/7-cfr-3565.101","next":"us/7-cfr-3565.103"},"notice":"GroundRules: Original legal text. Not legal advice."}