USDA
USDA /Rural Housing Loan Offices in Ky
USDA REVISIONS TO HB-1-3555
USDA RURAL DEVELOPMENT DIRECT HOUSING LOANS
USDA/RHS Income limits by Ky Counties

Kentucky USDA Rural Housing Mortgage Loans

USDA REVISIONS TO HB-1-3555
 
THE REASONS BELOW ARE THE ONLY ACCEPTABLE TIMES A POWER OF ATTORNEY WILL BE ALLOWED. BORROWER UNAVAILABILITY OR FOR CONVENIENCE WILL NO LONGER BE AN ACCEPTABLE REASON TO USE A POWER OF ATTORNEY ON KENTUCKY USDA LOANS FOR THE 502 GUARANTEE LOAN PROGRAM
 
Use of a Power of Attorney (POA):
A Power of Attorney (POA) may only be used when the Mortgagee verifies and documents that all of the following requirements have been satisfied:
  • For military personnel, a POA may only be used for one of the applications (initial or final), but not both:
    • when the service member is on overseas duty or on an unaccompanied tour;
    • when the Mortgagee is unable to obtain the absent Borrower’s signature on the application by mail or via fax;

And

  • where the attorney-in-fact has specific authority to encumber the Property and to obligate the Borrower. Acceptable evidence…

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