USDA HB-1-3555 13.7: LOANS ON HAWAIIAN HOME LANDS

Document
USDA HB-1-3555, Single Family Housing Guaranteed Loan Program Technical Handbook
Version in Zeitro Strata
Where
pages 273–274 of 551

Page 273

13.7 LOANS ON HAWAIIAN HOME LANDS

A. Definition

Hawaiian Home Lands consists of property owned by the State of Hawaii, Department of Hawaiian Home Lands (DHHL) and held in trust for Native Hawaiians. An applicant purchasing a home on Hawaiian Home lands must be a Native Hawaiian, as determined by DHHL.

B. Requirements

In order for a mortgage with a Hawaiian Home Lands lease to be eligible for guarantee, the property shall be located within an area designated as Hawaiian Home Lands, and DHHL shall have granted to the applicants a homestead lease covering the

Page 274

property. For loans to Native Hawaiians on Hawaiian Home Lands, the lender must obtain:

x Certification that the lease provided by DHHL is not in default and has not been

cancelled.

x All other requirements set forth in 7 CFR Part 3555 and any successor regulation.

x All other requirements set forth in an MOU between DHHL and USDA Rural

Development which is available in the USDA LINC Training and Resource Library, located at www.rd.usda.gov/resources/usda-linc-training-resource- library/loan-origination.

C. Recording

Mortgages on Hawaiian Home Lands leaseholds are recorded in the recording system established at DHHL.

SECTION 2: MANUFACTURED HOMES

[7 CFR 3555.208]

Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.