1927-16 Notification of Loan Closing

Form RD 1927-16
(Rev. 7-07)

FORM APPROVED

UNITED STATES DEPARTMENT OF AGRICULTURE
Rural Development
Farm Service Agency

OMB. NO. 0575-0147

Date:

SUBJECT: Notification of Loan Closing
TO:

Your Rural Housing Service (RHS) loan will be closed soon. To schedule a closing date you must complete and comply with the
checked items and return this letter to the RHS at the above address by

.

Your loan was approved on the basis that your annual gross household income was $
for household of
person(s). Has your current annual household income and/or household size changed
YES
NO
from the above?
List any and all debts incurred since
balance of more than $ 100.
To Whom Owed

, which have an unpaid

Amount

Security

Monthly Payment

Provide the closing agent with a standard fire and extended coverage insurance policy in the following amounts (identify
buildings and required amount of insurance on each):

Provide a termite and pest certification.

FAILURE TO PROVIDE A BINDER OR POLICY AND A PAID RECEIPT FOR ONE YEAR'S PREMIUM WILL DELAY THE
CLOSING OF YOUR LOAN. The insurance coverage must be a one year policy effective not later that the date of loan closing. A
receipt for payment of one year's premium must be attached to the policy. The "United States of America, acting through the Rural
Housing Service or its successor agency," must be shown in either a mortgage clause or on the declaration page in the order of
priority of their mortgage. The address should be: USDA, Rural Development, Centralized Servicing Center, Attn: Insurance
Department, P.O. Box 66876, St. Louis, Missouri 63166.
Written evidence that the following systems are functioning properly and meet all Rural Development requirements must be submitted to Rural Development before loan closing or to the closing agent at loan closing:
water system
waste disposal
electrical system
heating system
plumbing system
RD 1927-16 (Rev. 00-07)
According to the Paperwork Reduction Act of 1995, no persons are required to respond to a collection of information unless it displays a valid OMB control number The valid OMB
control number for this information collection is 0575-0147. The time required to complete this information collection is estimated to average 5 minutes per response, including the time
for reviewing instructions searching existing data sources, gathering and maintaining the data needed and completing and reviewing the collection of information.

For your protection RHS recommends a pre-closing inspection be made jointly with the seller and buyer just prior to closing.
RHS inspections are made solely to protect the security interest of the government.
Other information required by closing:

Provide a certificate or letter from a provider documenting completion of homeownership education.

You will be notified of the time and place of loan closing and any other specific requirements to be met. You will be required to provide

$

of your personal funds at loan closing. If you are unable to comply with the above requirements, please notify

this office immediately.

Loan Approval Official
Enclosure

I/we certify that the information provided by me/us on this form is accurate. I/we have reviewed the instructions given by the Loan
Approval Official and understand that I/we must meet the conditions outlined.

Applicant

Co-applicant

Page 2 - RD 1927-16

Date

Date