source:
  type: regulation
  id: usda-hb-3555-12.15
  authority: USDA Technical Handbook HB-1-3555 §12.15 — Eligible Loan Costs
  description: "USDA HB-1-3555 §12.15 (Eligible Loan Costs). Gap-fill (verbatim). \n"
obligations:
- id: usda-hb-3555-12.15-0
  canonical_id: usda-hb-3555-12.15-0
  section: USDA HB-1-3555 12.15 — Eligible Loan Costs
  description: '12.15 Eligible Loan Costs: IGIBLE LOAN COSTS The loan will be used to finance the construction of
    a new single-family housing residence, which can include modular and manufactured home construction. Condominiums,
    including detached condominiums and site condominiums, are ineligible for this type of loan fe…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - usda-hb-3555
  - section-complete
  primary_source:
    tier: 1
    authority: USDA Technical Handbook HB-1-3555 §12.15 — Eligible Loan Costs
    source_class: usda-handbook-hb-1-3555
    source_url: https://www.rd.usda.gov/resources/directives/handbooks
    snapshot_id: 0466acd1ea2d17a4
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:22ac6f998ff72578e318fca138ebe80fb18ae2fc701eb5936172f1842679a13a
    paragraph_quote: IGIBLE LOAN COSTS The loan will be used to finance the construction of a new single-family
      housing residence, which can include modular and manufactured home construction. Condominiums, including detached
      condominiums and site condominiums, are ineligible for this type of loan feature. Any item included in the
      cost to construct the home must be commonly and customarily included in the cost to construct other homes
      in the area where the subject property is located. A contingency reserve to cover eligible expenses associated
      with
    drafter_attestation: Verbatim from HB-1-3555 §12.15 body (max-gap occurrence), snapshot 0466acd1ea2d17a4; substring-verified.
  judgment: false
- id: usda-hb-3555-12.15-1
  canonical_id: usda-hb-3555-12.15-1
  section: USDA HB-1-3555 12.15 — Eligible Loan Costs
  description: '12.15 Eligible Loan Costs: 05-05-25) PN 640 Guidance documents lack the force and effect of law,
    unless expressly authorized by statute or incorporated into a contract. USDA may not cite, use, or rely on any
    guidance that is not available through their guidance portal, except to establish historical facts.…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - usda-hb-3555
  - section-complete
  primary_source:
    tier: 1
    authority: USDA Technical Handbook HB-1-3555 §12.15 — Eligible Loan Costs
    source_class: usda-handbook-hb-1-3555
    source_url: https://www.rd.usda.gov/resources/directives/handbooks
    snapshot_id: 0466acd1ea2d17a4
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:22ac6f998ff72578e318fca138ebe80fb18ae2fc701eb5936172f1842679a13a
    paragraph_quote: '05-05-25) PN 640 Guidance documents lack the force and effect of law, unless expressly authorized
      by statute or incorporated into a contract. USDA may not cite, use, or rely on any guidance that is not available
      through their guidance portal, except to establish historical facts. unplanned problems with construction
      or change orders may be utilized. If used, the reserve is limited to 10% of the cost of construction (including
      labor, materials, and soft costs). Reserve funds must be deposited into the construction reserve account.
      The cost to construct must not include items such as furniture, electronic and home entertainment equipment,
      or other personal items. Loan costs which may be included in the loan amount are subject to the maximum loan
      to value and will be reasonable and customary construction costs such as: Land x Acquisition cost of the land;
      and x Payoff the balance of land to be utilized in the construction of the dwelling. Construction Hard Costs
      x Costs inside the contract to be detailed on the construction budget agreed upon by the builder and borrower;
      and x Costs outside of the contract, paid to subcontractors, for contributive work such as well and septic
      installation, roads/driveways, utility hookups, landscaping, etc. Construction Soft Costs x Appraisal fees
      x Inspection fees x Survey x Permit plan review fees x Architecture or design fees x Engineering fees x Title
      updates'
    drafter_attestation: Verbatim from HB-1-3555 §12.15 body (max-gap occurrence), snapshot 0466acd1ea2d17a4; substring-verified.
  judgment: false
- id: usda-hb-3555-12.15-2
  canonical_id: usda-hb-3555-12.15-2
  section: USDA HB-1-3555 12.15 — Eligible Loan Costs
  description: '12.15 Eligible Loan Costs: 05-05-25) PN 640 Guidance documents lack the force and effect of law,
    unless expressly authorized by statute or incorporated into a contract. USDA may not cite, use, or rely on any
    guidance that is not available through their guidance portal, except to establish historical facts.…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - usda-hb-3555
  - section-complete
  primary_source:
    tier: 1
    authority: USDA Technical Handbook HB-1-3555 §12.15 — Eligible Loan Costs
    source_class: usda-handbook-hb-1-3555
    source_url: https://www.rd.usda.gov/resources/directives/handbooks
    snapshot_id: 0466acd1ea2d17a4
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:22ac6f998ff72578e318fca138ebe80fb18ae2fc701eb5936172f1842679a13a
    paragraph_quote: 05-05-25) PN 640 Guidance documents lack the force and effect of law, unless expressly authorized
      by statute or incorporated into a contract. USDA may not cite, use, or rely on any guidance that is not available
      through their guidance portal, except to establish historical facts. x Lender construction administration
      fees x Contingency reserve x Interest reserve, including interim interest as accrued during the construction
      period on a warehouse line of credit up to 12 months x Principal, interest, taxes, and insurance (PITI) payment
      reserve up to 12 months x Project review fees x Builder acceptance or review fees x Tax and insurance reserve
      Other reasonable and customary closing costs are allowable as defined in Chapter 6 of this Handbook, as long
      as the costs do not exceed the maximum loan to value described in Chapter 7.
    drafter_attestation: Verbatim from HB-1-3555 §12.15 body (max-gap occurrence), snapshot 0466acd1ea2d17a4; substring-verified.
  judgment: false
