24 C.F.R. § 1007.55

Guarantee fee.

Last amended: 2016Year: 2026Length: 47 wordsOfficial source

Cite as 24 C.F.R. § 1007.55 (2026)

The lender shall pay to HUD, at the time of issuance of the guarantee, a fee for the guarantee of loans under this part, in an amount equal to 1 percent of the principal obligation of the loan. This amount is payable by the borrower at closing.
24 C.F.R. § 1007.55: Guarantee fee. | Justis AI