Single Family Housing Guaranteed Loan Program-Limited Party Concessions
Key claim: The Rural Housing Service amended its loan guarantee rules to ensure that real estate commission fees do not count toward limits on interested party concessions in home purchases.
Abstract
(Rule · Agriculture Department, Rural Housing Service) Rural Housing Service (RHS or the Agency), a Rural Development (RD) agency of the United States Department of Agriculture (USDA), amends the Single Family Housing Guaranteed Loan Program (SFHGLP) regulation to clarify real estate commission fees are not included in the limit on interested party concessions.
Why this matters
The final rule clarifies how transaction costs count toward concession limits for buyers using USDA-guaranteed rural housing loans: real estate commissions do not consume the allowance for other covered concessions. Sellers, including builders selling eligible homes, can account for commissions separately from capped concessions; the finding establishes no direct change to rental assistance or construction requirements.