United States Department of Agriculture
PN 639: Changes to RD Instruction 440.1, HB-1-3550 and HB-1-3555
April 25, 2025
Summary
USDA Procedure Notice 639 updates interest rates for the Direct Single Family Housing and Guaranteed Loan programs, effective May 1, 2025. The Treasury Judgment rate is also revised, and a rescinded waiver reference in the Guaranteed Handbook is removed. These changes require lenders and servicers to update rate sheets and system parameters.
PROCEDURE NOTICE
RD MANUAL CHANGES
INSERT RD INS 440.1 INTEREST RATES, AMORTIZATION, GUARANTEE FEE, ANNUAL CHARGE, AND FIXED PERIOD. This Instruction is partially revised as follows:
Exhibit B:
To update the Treasury Judgement rate and the effective date of May 1, 2025.
| REMOVE | INSERT |
|---|---|
| Exhibit B dated 12-31-24. | Exhibit B revised 04-25-25. |
RD HANDBOOK CHANGES
INSERT RD HB-1-3550 DIRECT SINGLE FAMILY HOUSING LOANS AND GRANTS - FIELD OFFICE HANDBOOK. This Handbook is partially revised. The specific revisions are outlined below.
Appendix 4:
Appendix 4 is revised to include the May 1, 2025, interest rate for the Above Moderate Single Family Housing non-program loans.
INSERT
Appendix 4 dated 01-23-03: Pages 5 & 6 revised 04-25-25.
RD HANDBOOK CHANGES
INSERT RD HB-1-3555 SFH GUARANTEED LOAN PROGRAM TECHNICAL HANDBOOK. This Handbook is partially revised. The specific revisions are outlined below.
Chapter 8:
Paragraph 8.2 F, to remove references to a waiver which has been rescinded.
INSERT
Chapter 8 revised 04-25-25.
Source: https://www.rd.usda.gov/media/file/download/pn639.pdf
Common questions
- What does "PN 639: Changes to RD Instruction 440.1, HB-1-3550 and HB-1-3555" cover?
- USDA Procedure Notice 639 updates interest rates for the Direct Single Family Housing and Guaranteed Loan programs, effective May 1, 2025. The Treasury…
- Which agency issued this update?
- This update was issued by United States Department of Agriculture.
- When was it published?
- It was published on April 25, 2025.
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