Applications.

CFR · 2024-01-01 · US · Title 7

(a) (b) (2) An applicant may voluntarily withdraw an application at any time. (3) RHS may periodically request in writing that applicants reconfirm their interest in obtaining a loan. RHS may withdraw the application of any applicant who does not respond within the specified timeframe. (4) Applicants who are eligible will be notified in writing. If additional information becomes available that indicates that the original eligibility determination may have been incorrect, or that circumstances have changed, RHS may reconsider the application and the applicant may be required to submit additional information. (5) Applicants who are ineligible will be notified in writing and provided with the specific reasons for the rejection. (c) (1) First priority will be given to existing customers who request subsequent loans to correct health and safety hazards. (2) Second priority will be given to loans related to the sale of an REO property or the transfer of an exisiting RHS financed property. (3) Third priority will be given to applicants facing housing related hardships including applicants who have been living in deficient housing for more than 6 months, current homeowners in danger of losing a property through foreclosure, and other circumstances determined by RHS on a case-by-case basis to constitute a hardship. (4) Fourth priority will be given to applicants seeking loans for the construction of dwellings in an RHS-approved Mutual Self-Help project, loan application packages funne

official document · source cfr-2024 · id 7:§ 3550.55