Sentences with phrase «rural housing loans approved»

But the law also contained a provision — that would greatly speed up how long it takes to get federally backed rural housing loans approved.

Not exact matches

CREDIT SCORES UNDERWRITING USDA MORTGAGE FOR RURAL HOUSING This attachment illustrates the approach to reviewing credit history when a loan is manually underwritten by an approved lender.

That provision lets the Rural Housing Service — which is an agency within the U.S. Department of Agriculture — use a direct endorsement process similar to the one used by FHA... so that approved lenders can originate loans without having to get each and every loan approved in Washington upfront.

Provides permanent authority for direct endorsement for approved lenders to approve Rural Housing Service (RHS) loans.