October 11, 2012
Funding for Kentucky Rural Development’s Single Family Housing Guaranteed Loan program is now available for fiscal year (FY) 2013. The funding received is based on a Continuing Appropriations Resolution 2013 (H.J. Res. 117).
Loans that were issued Conditional Commitments “subject to” commitment authority will be obligated on the Agency’s Guaranteed Loan System (GLS).
If the loan has closed, the lender may submit their request for Loan Note Guarantee, together with their closing package. Ensure the lender certification on Form RD 1980-18 “Conditional Commitment for Single Family Housing Loan Guarantee” is dated on or after the obligation date provided by Rural Development.
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