USDA Technical Handbook HB-1-3555 §12.26 — Mortgage File Documentation
USDA HB-1-3555 §12.26 (Mortgage File Documentation). Gap-fill (verbatim).
Verbatim regulatory text
Verbatim provisions from USDA Technical Handbook HB-1-3555 §12.26 — Mortgage File Documentation — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
USDA HB-1-3555 12.26 — Mortgage File Documentation
RTGAGE FILE DOCUMENTATION The lender’s permanent loan file must contain the following information to support the single close transaction, in addition to documentation outlined in this Handbook: x Sufficient documentation to validate the actual cost to construct the subject home
USDA HB-1-3555 12.26 — Mortgage File Documentation
05-05-25) PN 640 Guidance documents lack the force and effect of law, unless expressly authorized by statute or incorporated into a contract. USDA may not cite, use, or rely on any guidance that is not available through their guidance portal, except to establish historical facts. (for example, purchase contracts with the builder, Construction Loan Agreement, plans and specifications, receipts, invoices, lien waivers, etc.); x All closing disclosures and closing documents executed by all parties to the transaction and evidencing all costs to the homebuyer and property seller at the time of loan closing; x A final title insurance policy endorsement ensuring the lender remains in a first lien position and that no junior liens exist against the property; x All canceled checks, paid receipts, draw requests, lien waivers, change orders, title endorsements, etc. for all property-related requirements for new construction; x The appraiser’s certificate of completion and a photograph of the completed property; and x All third-party inspections and warranties as defined in this Chapter.