On August 20, 2019, the United States Department of Agriculture Office of Rural Development (USDA/RD) sent an email with the subject “USDA Final Rule – Single Close Construction, Elimination of Interest Rate Cap” which announced the following information pertaining to revisions that have been made to Form RD 3555-21 (Request for Single Family Housing Loan Guarantee):
“Form RD 3555-21, with revision date of October 2019, eliminates the fields for the interest rate, lock and floating dates. An advance copy of the form has been posted to the USDA LINC Training and Resource Library under Loan Origination – Document and Resources. USDA will discontinue use of the Form RD 3555-21 (revision date October 2018) 30 days after the effective date.”
Advanced Copy of Form RD 3555-21
Federal Register Single Family Housing Guaranteed Loan Program