StacksVerified U.S. regulatory reference

7 CFR §764.204

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)Rates. The interest rate for Down payment loans will be the regular direct FO rate minus 4 percent, but in no case less than 1.5 percent.
  2. (b)Terms.
    1. (1)The Agency schedules repayment of Down payment loans in equal, annual installments over a term not to exceed 20 years.
    2. (2)The non-Agency financing must have an amortization period of at least 30 years and cannot have a balloon payment due within the first 20 years of the loan.