7 CFR 3550.64

§ 3550.64 Down payment.

United States · 7 CFR — Agriculture · Status: effective

Cite this

Citation: 7 CFR 3550.64, § 3550.64 Down payment, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/30234
Permanent ID: ys:prov:30234@1
SHA-256: 303be3837ae7495fce8edee73bfabff92f3b9f5adb87789e8363b096e0dd9ba1

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Full text

Elderly families must use any net family assets in excess of $20,000 towards a down payment on the property. Non-elderly families must use net family assets in excess of $15,000 towards a down payment on the property. Applicants may contribute assets in addition to the required down payment to further reduce the amount to be financed.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.