source:
  type: guide
  id: usda-hb-3555-7.2
  authority: USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶7.2 —
    Maximum Loan Amount
  description: USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶7.2
    — Maximum Loan Amount.
  coverage_tier: operative
obligations:
- id: usda-hb-3555-7.2-full
  canonical_id: usda-hb-3555-7.2-full
  section: USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶7.2 — Maximum
    Loan Amount
  type: do
  tags:
  - regulator-direct
  - usda
  - usda-handbook
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶7.2
      — Maximum Loan Amount
    source_class: usda-handbook
    source_url: https://www.rd.usda.gov/sites/default/files/hb-1-3555_consolidated.pdf
    snapshot_id: 0466acd1ea2d17a4
    fetched_at: '2026-05-25T14:10:13Z'
    content_hash: sha256:22ac6f998ff72578e318fca138ebe80fb18ae2fc701eb5936172f1842679a13a
    paragraph_quote: '7.2 MAXIMUM LOAN AMOUNT The applicant is permitted to finance
      reasonable and customary expenses associated with purchasing a home as described
      in Chapter 6, if the total amount financed does not exceed any of the following
      limits: x The maximum loan amount for which the applicant qualifies, as determined
      by their income and repayment ability as further discussed in Chapter 8 and
      9 of this Handbook; x The fair market value of the property, as determined by
      a current appraisal conducted in accordance with the Uniform Standards of Professional
      Appraisal Practices (USPAP); and x The LTV of the loan can exceed 100 percent
      of the market value of the property when the guarantee fee is financed. Loans
      may exceed 100 percent LTV only to the extent that the excess represents a financed
      guarantee fee. See additional guidance in Chapter 6 of this Handbook regarding
      refinance loans. The purchase price of the property is permitted to exceed these
      limits for applicants with sufficient cash reserves or access to a source other
      than credit through which to obtain the necessary cash difference. A newly constructed
      dwelling that does not meet the definition of an existing dwelling, as defined
      at Section 3555.10, and cannot meet the requirements of Section 3555.202(a)
      is limited to 90 percent of the present market value. The dwelling must meet
      or exceed the International Energy Conservation Code (IECC) in effect at the
      time of construction.'
  judgment: false
