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USDA - Fiscal Year 2020 SFH Guaranteed Funds Now Available

10/25/2019

​​USDA - Fiscal Year 2020 SFH Guaranteed Funds Now Available

USDA has announced that the Fiscal Year 2020 funding for Rural Development's Single Family Housing Guaranteed Loan Program has been authorized and reinstated pursuant to the Continuing Appropriations Act, 2020 and Health Extenders Act of 2019.   USDA's fiscal year 2020 began on October 1, 2019; however funds have not been available until now.     

Any Conditional Commitments previously issued "subject to" the availability of an appropriation will be processed over the next few days and the contingency removed.   Any questions regarding this announcement should be directed to USDA at sfhgld.program@wdc.usda.gov or (202)720-1452.

​Schwartz & Associates/DocsDirect will prepare USDA closing packages as per usual.  Please remember to submit a copy of the Conditional Commitment with each USDA document request.  If you have any questions related to the preparation of the USDA closing package, please contact compliancegroup@docsdirect.com