source:
  type: regulation
  id: usda-7cfr-3555.151
  authority: 7 CFR §3555.151 — Eligibility requirements
  description: '7 CFR §3555.151 sets the borrower/applicant eligibility requirements

    for the USDA SFHGLP.

    '
obligations:
- id: usda-7cfr-3555.151-a
  canonical_id: usda-7cfr-3555.151-a
  section: 7 CFR §3555.151(a)
  description: '(a): (a) Income eligibility. At the time of loan approval, the household ''s adjusted
    income must not exceed the applicable moderate income limit. The lender is responsible for documenting
    the household ''s income to determine eligibility for the SFHGLP .'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 7 CFR §3555.151(a)
    source_class: usda-regulation
    source_url: https://www.law.cornell.edu/cfr/text/7/3555.151
    snapshot_id: 146c850b506d97b8
    fetched_at: '2026-05-22T18:52:49Z'
    content_hash: sha256:51e9e09a9567889dfa55d72d6f6958b3810690cab13fb2e493cbc3047b8ef6a0
    paragraph_quote: (a) Income eligibility. At the time of loan approval, the household 's adjusted income
      must not exceed the applicable moderate income limit. The lender is responsible for documenting
      the household 's income to determine eligibility for the SFHGLP .
    drafter_attestation: Verbatim subsection of 7 CFR §3555.151 from Cornell LII snapshot 146c850b506d97b8;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: usda-7cfr-3555.151-b
  canonical_id: usda-7cfr-3555.151-b
  section: 7 CFR §3555.151(b)
  description: '(b): (b) Citizenship status. Applicants must provide evidence acceptable to the Agency
    of their status as United States citizens, U.S. non-citizen nationals, or qualified aliens, as defined
    in § 3555.10 .'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 7 CFR §3555.151(a)
    source_class: usda-regulation
    source_url: https://www.law.cornell.edu/cfr/text/7/3555.151
    snapshot_id: 146c850b506d97b8
    fetched_at: '2026-05-22T18:52:49Z'
    content_hash: sha256:51e9e09a9567889dfa55d72d6f6958b3810690cab13fb2e493cbc3047b8ef6a0
    paragraph_quote: (b) Citizenship status. Applicants must provide evidence acceptable to the Agency
      of their status as United States citizens, U.S. non-citizen nationals, or qualified aliens, as defined
      in § 3555.10 .
    drafter_attestation: Verbatim subsection of 7 CFR §3555.151 from Cornell LII snapshot 146c850b506d97b8;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: usda-7cfr-3555.151-c
  canonical_id: usda-7cfr-3555.151-c
  section: 7 CFR §3555.151(c)
  description: '(c): (c) Principal residence. Applicants must agree and have the ability to occupy the
    dwelling as their principal residence . The Agency may require evidence of this ability. Rural Development
    will not guarantee loans for investment properties, or temporary, short-term housing.'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 7 CFR §3555.151(a)
    source_class: usda-regulation
    source_url: https://www.law.cornell.edu/cfr/text/7/3555.151
    snapshot_id: 146c850b506d97b8
    fetched_at: '2026-05-22T18:52:49Z'
    content_hash: sha256:51e9e09a9567889dfa55d72d6f6958b3810690cab13fb2e493cbc3047b8ef6a0
    paragraph_quote: (c) Principal residence. Applicants must agree and have the ability to occupy the
      dwelling as their principal residence . The Agency may require evidence of this ability. Rural Development
      will not guarantee loans for investment properties, or temporary, short-term housing.
    drafter_attestation: Verbatim subsection of 7 CFR §3555.151 from Cornell LII snapshot 146c850b506d97b8;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: usda-7cfr-3555.151-d
  canonical_id: usda-7cfr-3555.151-d
  section: 7 CFR §3555.151(d)
  description: '(d): (d) Adequate dwelling. The dwelling must be modest, decent, safe, and sanitary.'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 7 CFR §3555.151(a)
    source_class: usda-regulation
    source_url: https://www.law.cornell.edu/cfr/text/7/3555.151
    snapshot_id: 146c850b506d97b8
    fetched_at: '2026-05-22T18:52:49Z'
    content_hash: sha256:51e9e09a9567889dfa55d72d6f6958b3810690cab13fb2e493cbc3047b8ef6a0
    paragraph_quote: (d) Adequate dwelling. The dwelling must be modest, decent, safe, and sanitary.
    drafter_attestation: Verbatim subsection of 7 CFR §3555.151 from Cornell LII snapshot 146c850b506d97b8;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: usda-7cfr-3555.151-e
  canonical_id: usda-7cfr-3555.151-e
  section: 7 CFR §3555.151(e)
  description: '(e): (e) Eligibility of current homeowners. Current homeowners may be eligible for guaranteed
    home loans under this part if all the following conditions are met: (1) The applicants are not financially
    responsible for another Agency guaranteed or direct home loan by the time the guaranteed home loan
    is cl…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 7 CFR §3555.151(a)
    source_class: usda-regulation
    source_url: https://www.law.cornell.edu/cfr/text/7/3555.151
    snapshot_id: 146c850b506d97b8
    fetched_at: '2026-05-22T18:52:49Z'
    content_hash: sha256:51e9e09a9567889dfa55d72d6f6958b3810690cab13fb2e493cbc3047b8ef6a0
    paragraph_quote: '(e) Eligibility of current homeowners. Current homeowners may be eligible for guaranteed
      home loans under this part if all the following conditions are met: (1) The applicants are not financially
      responsible for another Agency guaranteed or direct home loan by the time the guaranteed home loan
      is closed; (2) The current home no longer adequately meets the applicants'' needs; (3) The applicants
      will occupy the home financed with the SFHGLP loan as their primary residence ; (4) The applicants
      are without sufficient resources or credit to obtain the dwelling on their own without the guarantee;
      (5) No more than one single family housing dwelling other than the one associated with the current
      loan request may be retained; and (6) The applicants must be financially qualified to own more than
      one home. In order for net rental income from the retained dwelling to be considered for the applicant
      ''s repayment ability, the consistency of the rental income must be demonstrated for at least the
      previous 24 months, and the current lease must be for a term of at least 12 months after the loan
      is closed.'
    drafter_attestation: Verbatim subsection of 7 CFR §3555.151 from Cornell LII snapshot 146c850b506d97b8;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: usda-7cfr-3555.151-f
  canonical_id: usda-7cfr-3555.151-f
  section: 7 CFR §3555.151(f)
  description: '(f): (f) Legal capacity. Applicants must have the legal capacity to incur the loan obligation,
    or have a court-appointed guardian or conservator who is empowered to obligate the applicant in real
    estate matters.'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 7 CFR §3555.151(a)
    source_class: usda-regulation
    source_url: https://www.law.cornell.edu/cfr/text/7/3555.151
    snapshot_id: 146c850b506d97b8
    fetched_at: '2026-05-22T18:52:49Z'
    content_hash: sha256:51e9e09a9567889dfa55d72d6f6958b3810690cab13fb2e493cbc3047b8ef6a0
    paragraph_quote: (f) Legal capacity. Applicants must have the legal capacity to incur the loan obligation,
      or have a court-appointed guardian or conservator who is empowered to obligate the applicant in
      real estate matters.
    drafter_attestation: Verbatim subsection of 7 CFR §3555.151 from Cornell LII snapshot 146c850b506d97b8;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: usda-7cfr-3555.151-g
  canonical_id: usda-7cfr-3555.151-g
  section: 7 CFR §3555.151(g)
  description: '(g): (g) Suspension or debarment. Applicants who are suspended or debarred from participation
    in Federal programs under 2 CFR parts 180 and 417 are not eligible for loan guarantees.'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 7 CFR §3555.151(a)
    source_class: usda-regulation
    source_url: https://www.law.cornell.edu/cfr/text/7/3555.151
    snapshot_id: 146c850b506d97b8
    fetched_at: '2026-05-22T18:52:49Z'
    content_hash: sha256:51e9e09a9567889dfa55d72d6f6958b3810690cab13fb2e493cbc3047b8ef6a0
    paragraph_quote: (g) Suspension or debarment. Applicants who are suspended or debarred from participation
      in Federal programs under 2 CFR parts 180 and 417 are not eligible for loan guarantees.
    drafter_attestation: Verbatim subsection of 7 CFR §3555.151 from Cornell LII snapshot 146c850b506d97b8;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: usda-7cfr-3555.151-h
  canonical_id: usda-7cfr-3555.151-h
  section: 7 CFR §3555.151(h)
  description: '(h): (h) Repayment ability. Applicants must demonstrate adequate repayment ability. Lenders
    must maintain documentation supporting the repayment ability analysis in the loan file. Refer to §
    3555.152(a) for further information. (1) A repayment ratio will be used to determine an applicant
    ''s ability to re…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 7 CFR §3555.151(a)
    source_class: usda-regulation
    source_url: https://www.law.cornell.edu/cfr/text/7/3555.151
    snapshot_id: 146c850b506d97b8
    fetched_at: '2026-05-22T18:52:49Z'
    content_hash: sha256:51e9e09a9567889dfa55d72d6f6958b3810690cab13fb2e493cbc3047b8ef6a0
    paragraph_quote: (h) Repayment ability. Applicants must demonstrate adequate repayment ability. Lenders
      must maintain documentation supporting the repayment ability analysis in the loan file. Refer to
      § 3555.152(a) for further information. (1) A repayment ratio will be used to determine an applicant
      's ability to repay a loan. The Agency will utilize two ratios, principal, interest, taxes and insurance
      (PITI) ratio and total debt (TD) ratio, to determine adequate repayment for the requested loan.
      The Agency reserves the right to consider calculation of a single ratio in determining repayment
      for the requested loan.
    drafter_attestation: Verbatim subsection of 7 CFR §3555.151 from Cornell LII snapshot 146c850b506d97b8;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: usda-7cfr-3555.151-i
  canonical_id: usda-7cfr-3555.151-i
  section: 7 CFR §3555.151(i)
  description: '(i): (i) An applicant is considered to have adequate repayment ability when the monthly
    amount required for payment of PITI, homeowners'' association dues, the monthly calculation of an
    annual fee , as applicable, and other real estate assessments does not exceed 29 percent of the applicant
    ''s repayment i…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 7 CFR §3555.151(a)
    source_class: usda-regulation
    source_url: https://www.law.cornell.edu/cfr/text/7/3555.151
    snapshot_id: 146c850b506d97b8
    fetched_at: '2026-05-22T18:52:49Z'
    content_hash: sha256:51e9e09a9567889dfa55d72d6f6958b3810690cab13fb2e493cbc3047b8ef6a0
    paragraph_quote: '(i) An applicant is considered to have adequate repayment ability when the monthly
      amount required for payment of PITI, homeowners'' association dues, the monthly calculation of an
      annual fee , as applicable, and other real estate assessments does not exceed 29 percent of the
      applicant ''s repayment income and the monthly amount of PITI plus recurring monthly debts (total
      debt) does not exceed 41 percent of the applicant ''s repayment income . (ii) For home purchases
      under the Rural Energy Plus provision of § 3555.209 , the Agency reserves the right to allow flexibility
      in the PITI and TD ratio. The handbook will define what flexibilities can be extended. (iii) Contributions
      to personal income taxes, retirement accounts (including the repayment of personal loans from those
      retirement accounts), savings (including repayment of loans secured by such funds), the cost to
      commute, membership fees in unions or like organizations, childcare or other voluntary obligations
      will not be considered in the TD ratio. (iv) Except for obligations specifically excluded by State
      law, the debts of non-purchasing spouse must be included in the applicant ''s repayment ratios if
      the applicant resides in a community property state . (2) The repayment ratio may exceed the percentage
      in paragraph (h)(1) of this section when certain compensating factors exist. The handbook, HB-1-3555,
      Appendix I, located at https://www.rd.usda.gov/sites/default/files/hb-1-3555.pdf, will provide examples
      of when a debt ratio waiver may be granted. The automated underwriting system will consider any
      compensating factors in determining when the variance is appropriate. Loans downgraded in the automated
      underwriting system which must be manually underwritten will require the lender to document compensating
      factors. The presence of compensating factors does not strengthen a ratio exception when multiple
      layers of risk are present in the application . Acceptable compensating factors, supporting documentation,
      and maximum ratio thresholds, will be further defined and clarified in the handbook. Compensating
      factors include but are not limited to:'
    drafter_attestation: Verbatim subsection of 7 CFR §3555.151 from Cornell LII snapshot 146c850b506d97b8;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: usda-7cfr-3555.151-i
  canonical_id: usda-7cfr-3555.151-i
  section: 7 CFR §3555.151(i)
  description: '(i): (i) A credit score at an acceptable level of 680 or higher for any applicants, unless
    otherwise provided by the Agency . The Agency reserves the right to change the acceptable level of
    credit score. (ii) A minimal increase in housing expense, i.e. the current rent payment is comparable
    to the propos…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 7 CFR §3555.151(a)
    source_class: usda-regulation
    source_url: https://www.law.cornell.edu/cfr/text/7/3555.151
    snapshot_id: 146c850b506d97b8
    fetched_at: '2026-05-22T18:52:49Z'
    content_hash: sha256:51e9e09a9567889dfa55d72d6f6958b3810690cab13fb2e493cbc3047b8ef6a0
    paragraph_quote: '(i) A credit score at an acceptable level of 680 or higher for any applicants, unless
      otherwise provided by the Agency . The Agency reserves the right to change the acceptable level
      of credit score. (ii) A minimal increase in housing expense, i.e. the current rent payment is comparable
      to the proposed mortgage loan payment PITI and if applicable, homeowner association dues. (iii)
      The demonstrated ability to accumulate savings and cash reserves post loan closing. (iv) Continuous
      employment with a current primary employer. (3) Loan ratio exceptions require written approval by
      Rural Development , or acceptance by an Agency approved automated underwriting system. Flexibilities
      surrounding loan ratio exceptions will be further clarified in the handbook. Lenders with loans
      accepted by an Agency approved automated underwriting system need not submit documentation for the
      need for a ratio waiver. (4) If an applicant does not meet the repayment ability requirements, the
      applicant can increase repayment ability by having other eligible household members join the application
      . (5) Mortgage Credit Certificates may be considered in determining an applicant ''s repayment ability.
      (6) Section 8 Homeownership Vouchers may be used in determining an applicant ''s repayment ability.
      The monthly subsidy may be treated as repayment income in accordance with § 3555.152(a) or offset
      in the PITI. (7) A funded buydown account may be used to reduce the borrower ''s monthly mortgage
      payment during the early years of repayment when all of the following requirements are met:'
    drafter_attestation: Verbatim subsection of 7 CFR §3555.151 from Cornell LII snapshot 146c850b506d97b8;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: usda-7cfr-3555.151-i
  canonical_id: usda-7cfr-3555.151-i
  section: 7 CFR §3555.151(i)
  description: '(i): (i) The loan will be underwritten at the note rate. (ii) The interest rate may be
    bought down to no more than 2 percentage points below the note rate. (iii) The interest rate paid
    by the borrower may increase no more frequently than annually. (iv) The interest rate paid by the
    borrower may increase …'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 7 CFR §3555.151(a)
    source_class: usda-regulation
    source_url: https://www.law.cornell.edu/cfr/text/7/3555.151
    snapshot_id: 146c850b506d97b8
    fetched_at: '2026-05-22T18:52:49Z'
    content_hash: sha256:51e9e09a9567889dfa55d72d6f6958b3810690cab13fb2e493cbc3047b8ef6a0
    paragraph_quote: (i) The loan will be underwritten at the note rate. (ii) The interest rate may be
      bought down to no more than 2 percentage points below the note rate. (iii) The interest rate paid
      by the borrower may increase no more frequently than annually. (iv) The interest rate paid by the
      borrower may increase no more than 1 percentage point annually.
    drafter_attestation: Verbatim subsection of 7 CFR §3555.151 from Cornell LII snapshot 146c850b506d97b8;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: usda-7cfr-3555.151-v
  canonical_id: usda-7cfr-3555.151-v
  section: 7 CFR §3555.151(v)
  description: '(v): (v) Funds must be placed in an escrow account with monthly releases scheduled directly
    to the lender . (vi) Funds must be placed with a Federal- or state -regulated lender . (vii) The escrow
    account must be fully funded for the buydown period. (viii) The borrower is not permitted to use personal
    fun…'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 7 CFR §3555.151(a)
    source_class: usda-regulation
    source_url: https://www.law.cornell.edu/cfr/text/7/3555.151
    snapshot_id: 146c850b506d97b8
    fetched_at: '2026-05-22T18:52:49Z'
    content_hash: sha256:51e9e09a9567889dfa55d72d6f6958b3810690cab13fb2e493cbc3047b8ef6a0
    paragraph_quote: (v) Funds must be placed in an escrow account with monthly releases scheduled directly
      to the lender . (vi) Funds must be placed with a Federal- or state -regulated lender . (vii) The
      escrow account must be fully funded for the buydown period. (viii) The borrower is not permitted
      to use personal funds or funds borrowed from another source to establish the escrow account for
      the buydown. (ix) The borrower must not be required to borrow or repay the funds.
    drafter_attestation: Verbatim subsection of 7 CFR §3555.151 from Cornell LII snapshot 146c850b506d97b8;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: usda-7cfr-3555.151-i
  canonical_id: usda-7cfr-3555.151-i
  section: 7 CFR §3555.151(i)
  description: '(i): (i) Credit qualifications. Applicants generally must have a verifiable credit history
    that indicates a reasonable ability and willingness to meet their debt obligations as evidenced by
    an acceptable credit score, a credit report from a recognized credit repository meeting the requirements
    of Fannie …'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 7 CFR §3555.151(a)
    source_class: usda-regulation
    source_url: https://www.law.cornell.edu/cfr/text/7/3555.151
    snapshot_id: 146c850b506d97b8
    fetched_at: '2026-05-22T18:52:49Z'
    content_hash: sha256:51e9e09a9567889dfa55d72d6f6958b3810690cab13fb2e493cbc3047b8ef6a0
    paragraph_quote: '(i) Credit qualifications. Applicants generally must have a verifiable credit history
      that indicates a reasonable ability and willingness to meet their debt obligations as evidenced
      by an acceptable credit score, a credit report from a recognized credit repository meeting the requirements
      of Fannie Mae , Freddie Mac , FHA or VA , and other credit qualifications satisfactory to Rural
      Development . (1) Except as provided in paragraph (i)(6) of this section, the applicant ''s credit
      history must demonstrate a past willingness and ability to meet credit obligations to enable the
      lender to evaluate each applicant and draw a logical conclusion about the applicant ''s commitment
      and ability to handling financial obligations successfully and ability to make payments on the new
      mortgage obligation. (2) A loan''s acceptance by an Agency approved automated underwriting system
      eliminates the need for the lender to submit documentation of the credit qualification decision
      as loan approval requirements will be incorporated in the automated system. (3) For manually underwritten
      loans, lenders must submit documentation of the credit qualification decision . Lenders will use
      credit scores to manually underwrite loan mortgage requests. Lenders are required to validate the
      credit scores utilized in the underwriting determination. Indicators of significant derogatory credit
      will require further review and documentation of that review. Indicators of significant derogatory
      credit include, but are not limited to:'
    drafter_attestation: Verbatim subsection of 7 CFR §3555.151 from Cornell LII snapshot 146c850b506d97b8;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: usda-7cfr-3555.151-i
  canonical_id: usda-7cfr-3555.151-i
  section: 7 CFR §3555.151(i)
  description: '(i): (i) A foreclosure that has been completed in the 36 months prior to application by
    the applicant . (ii) A bankruptcy in which debts were discharged within 36 months prior to the date
    of application by the applicant . A lender may give favorable consideration to applicants who have
    entered into a ban…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 7 CFR §3555.151(a)
    source_class: usda-regulation
    source_url: https://www.law.cornell.edu/cfr/text/7/3555.151
    snapshot_id: 146c850b506d97b8
    fetched_at: '2026-05-22T18:52:49Z'
    content_hash: sha256:51e9e09a9567889dfa55d72d6f6958b3810690cab13fb2e493cbc3047b8ef6a0
    paragraph_quote: (i) A foreclosure that has been completed in the 36 months prior to application by
      the applicant . (ii) A bankruptcy in which debts were discharged within 36 months prior to the date
      of application by the applicant . A lender may give favorable consideration to applicants who have
      entered into a bankruptcy debt restructuring plan who have completed 12 months of consecutive payments.
      The payment performance must have been satisfactory with all required payments made on time, and
      the Trustee or the Bankruptcy Judge must approve of the new credit. (iii) One rent or mortgage payment
      paid 30 or more days late within the last 12 months prior to application by the applicant . (iv)
      A previous Agency loan that resulted in a loss to the Government. (4) When evidence of significant
      derogatory credit is present, lenders may consider extenuating circumstances, including but not
      limited to, whether the problems were caused by factors temporary in nature, if the circumstances
      leading to the derogatory credit were beyond the control of the applicant , and if the loan would
      significantly reduce the applicant 's housing expenses. (5) In all cases, the applicant cannot have
      an outstanding Federal judgment, other than a judgment obtained in the United States Tax Court ,
      or a delinquent non-tax Federal debt that has not been paid in full or otherwise satisfied. (6)
      For applicants without an established credit history, alternative methods may be used to evidence
      an applicant 's willingness to pay, such as a non-traditional mortgage credit report or multiple
      independent verifications of trade references. (7) A credit report for a non-purchasing spouse must
      be obtained in order to determine the debt-to-income ratio referenced at § 3555.151(h) if the applicant
      resides in a community property state . (8) Lenders are encouraged to offer or provide for home
      ownership counseling. Lenders may require first-time homebuyers to undergo such counseling if it
      is reasonably available in the local area. When home ownership counseling is provided or sponsored
      by Rural Development or another Federal agency in the local area, the Lender must require the borrower
      to successfully complete the course. (9) Applicants with delinquent child support payments subject
      to collection by administrative offset are ineligible unless the payments are brought current, the
      debt is paid in full, or otherwise satisfied.
    drafter_attestation: Verbatim subsection of 7 CFR §3555.151 from Cornell LII snapshot 146c850b506d97b8;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: usda-7cfr-3555.151-j
  canonical_id: usda-7cfr-3555.151-j
  section: 7 CFR §3555.151(j)
  description: '(j): (j) Obtaining credit. The applicant must be unable to obtain traditional conventional
    mortgage credit, as defined by the Agency , for the subject loan. [ 78 FR 73941 , Dec. 9, 2013, as
    amended at 81 FR 6429 , Feb. 8, 2016; 87 FR 6776 , Feb. 7, 2022; 87 FR 53372 , Aug. 31, 2022] CFR
    Toolbox Law about…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 7 CFR §3555.151(a)
    source_class: usda-regulation
    source_url: https://www.law.cornell.edu/cfr/text/7/3555.151
    snapshot_id: 146c850b506d97b8
    fetched_at: '2026-05-22T18:52:49Z'
    content_hash: sha256:51e9e09a9567889dfa55d72d6f6958b3810690cab13fb2e493cbc3047b8ef6a0
    paragraph_quote: (j) Obtaining credit. The applicant must be unable to obtain traditional conventional
      mortgage credit, as defined by the Agency , for the subject loan. [ 78 FR 73941 , Dec. 9, 2013,
      as amended at 81 FR 6429 , Feb. 8, 2016; 87 FR 6776 , Feb. 7, 2022; 87 FR 53372 , Aug. 31, 2022]
      CFR Toolbox Law about... Articles from Wex Table of Popular Names Parallel Table of Authorities
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    drafter_attestation: Verbatim subsection of 7 CFR §3555.151 from Cornell LII snapshot 146c850b506d97b8;
      body isolated between nav and notes; substring-verified.
  judgment: false
