Hilde's Mortgage Blog

We were just made aware that effective immediately USDA-RD no longer requires the PUR101 and PUR102 forms.

That makes 100% financing available for properties built after 1/1/91 which didn't have the AHFC ICBO building inspections and energy efficiency documentation recorded.

Of cores the borrower still needs to meet the qualifying and eligibility requirements and all other underwriting guidelines need to be met.

Please note, that this only applies to USDA-RD. If AHFC's programs are used in conjunction, then the PUR101 and PUR102 would still be needed based on AHFC's guidelines.