Form 3555-18 Conditional Commitment for SFH Loan Guarantee

USDA-RD
Form RD 3555-18
(Rev. 08-22)

FORM APPROVED
OMB NO. 0575-0179
Exp. Date: XX/XX/XXXX

CONDITIONAL COMMITMENT FOR
SINGLE FAMILY HOUSING LOAN GUARANTEE
RHS Borrower ID:

TO: Lender’s Name and Address

Borrower:

State:

County:

State Code:

County Code:

Principal Amount of Loan:
$

Co-Borrower:

Co-Borrower ID:

Co-Borrower:

Co-Borrower ID:

Co-Borrower:

Co-Borrower ID:

Co-Borrower:

Co-Borrower ID:

From a review of all submitted information, the United States of America, acting through the Rural Development-Rural Housing
Service (RHS or Agency), or its successor, will execute Form RD 3555-17/17E “Loan Note Guarantee” in accordance with Agency
regulations at 7 CFR part 3555, Agency guidance, and terms set forth in this Conditional Commitment.

• Up-front Loan Note Guarantee fee payable by the Lender to Agency is $
%
• Interest rate for the loan is
• Annual fee for the first year of the loan, based upon the above stated principal amount of loan and stated interest rate of this
1
commitment is $
• Guarantee Systems Technology Fee payable by the lender is $
A Loan Note Guarantee will be issued when the Lender executes the attached Lender Certification for SFH Guaranteed Loan. The
Lender Certification confirms that the loan was underwritten and closed in accordance with applicable laws and guidance, and meets the terms
set forth in this Conditional Commitment. Changes to these terms must have been approved by the Agency in writing before loan closing.
The Lender should submit the request for a Loan Note Guarantee in accordance with 7 CFR 3555.107(i) within 30 days from date of
loan closing. Once the Loan Note Guarantee is issued, no change of conditions will be permitted.
"Lender Certification" for SFH Guaranteed Loan must be executed electronically in the LLC Prior to issuance of a Loan Note Guarantee.
Subject to conditions of the final official “GUS Underwriting Findings Report.”

For additional conditions and requirements see Attachment to this form.
2

This Conditional Commitment will expire on
unless extended by the Agency upon request of the lender, or the
Lender notifies the Agency that it does not desire to obtain a Loan Note Guarantee.
UNITED STATES OF AMERICA
By:
Date:

(Title)

1 The annual fee is calculated each year at
% of unpaid balance. The annual fee for the first year will be calculated when the loan is closed based upon the
loan amount. Thereafter, the annual fee is calculated every 12 months based upon the average scheduled amortized unpaid principal balance. Billing for the annual
fee will begin 12 months from the date of loan. The amount on this Conditional Commitment is based upon the stated principal loan amount and interest.
Changes to either element will change the annual fee amount.
Agency will determine the expiration date of this contract. The initial date will no exceed 90 days from the date of issuance. The Agency may grant a
2 The
reasonable extension based on the approved Lender's request. If construction is involved, the expiration date may correspond with projected completion date of
the dwelling.
A federal agency may not conduct or sponsor, and a person is not required to respond to, nor shall a person person be subject to a penalty for failure to comply with a collection of information subject to the
requirements of the Paperwork Reduction Act unless that collection of information displays a currently valid OMB Control Number. The OMB Control Number for this information collection is 0575-0179.
Public reporting for this collection of information is estimated to be approximately 1 hour per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the
data needed, completing and reviewing the collection of information. All responses to this collection of information are voluntary. However, in order to obtain or retain a benefit, the information in this form is
required. Rural Development has no plans to publish information collected under the provision of this program. Send comments regarding this burden estimate or any other aspect of this collection of
information, including suggestions for reducing burden to: Information Collection Clearance Officer, Rural Development Innovation Center, Regulations Management Division at [email protected].

Form RD 3555-18
(Rev. 08-22)
Borrower: _______________________________________________________________ Borrower ID: _______________________________

The following are to accompany the Loan Note Guarantee request 3 :
Promissory Note
Final Closing Disclosure
Up Front Loan Note Guarantee Fee
Guarantee Systems Technology Fee
Guaranteed Loan Closing Report, Form RD 1980-19
Any other conditions as recorded on the Conditional Commitment for Single Family Housing Loan Guarantee, Form RD 355518/18E or Attachment 3555-18A.
3 Lenders are required to submit fees and documentation electronically as outlined in the LLC system documentation.

Form RD 3555-18
Rev. (08-22)
Lender Certification

TO BE COMPLETED WHEN THE ELECTRONIC LENDER LOAN CLOSING IS OFFICIALLY UNAVAILABLE
Primary Borrower:_____________________________________Borrower ID: _______________________
Co-Borrower:

Co-Borrower ID:

Co-Borrower:

Co-Borrower ID:

Co-Borrower:

Co-Borrower ID:

Co-Borrower:

Co-Borrower ID:

LENDER CERTIFICATION:
In requesting a Loan Note Guarantee from United States Department of Agriculture, Rural Development-Rural Housing Service
(Agency), I certify on behalf of the Lender (identified below), that this loan has been underwritten and closed in accordance with
applicable law and guidance, and meets all conditions set forth in the Conditional Commitment except for changes previously approved in
writing by the Agency. All documentation and fees have been submitted to the Agency.
At this time, the loan will be:
retained

sold as follows: [Purchasing Lender must be an approved FNMA, FHLMC, FHA, VA or GNMA lender]

Servicing Lender(The lender that will be servicing the loan(s)):
Lender Tax ID: _____________________________________

Agency Assigned Branch Number: _____________

Lender Name: _________________________________________________________________________________________________________
Address: _____________________________________________________________________________________________________________
City: __________________________________

State: __________

Zip Code: _________________

Holding Lender The RHS approved Lender who will be holding/owning the mortgage note -i.e. Fannie Mae, Freddie Mac, etc., not Ginnie Mae):
Lender Tax ID: _____________________________________

Agency Assigned Branch Number: _____________

Lender Name: _________________________________________________________________________________________________________
Address: _____________________________________________________________________________________________________________
City: __________________________________

State: __________

Zip Code: _________________

Borrower Information
This Loan was securitized into a Ginnie Mae Pool

Borrower’s USDA ID Number: ____________________________________

(Mark an X in the box if loan is securitized into a Ginnie Mae pool)

Borrower’s Name: _____________________________________________________________________________________________________
Address: _____________________________________________________________________________________________________________
City: __________________________________

______________________________________
LENDER’S AUTHORIZED
REPRESENTATIVE SIGNATURE

State: __________

Zip Code: _________________

________________________________
TITLE
LENDER’S REPRESENTATIVE

_________________
DATE
SIGNED