Form RD 3560-34, Loan Agreement, is the contract between a borrowing partnership or limited liability company and the United States, acting through the Rural Housing Service of USDA Rural Development. It sets the terms and covenants of a loan made or insured under section 515(b) of the Housing Act of 1949, and a generic search for a loan agreement in this program leads here. On this page you can fill out the form online on FillingPDF and download or print the completed PDF; the original PDF is published by USDA Rural Development at the official link below.
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What is RD 3560-34?
Form RD 3560-34, Loan Agreement, is the USDA Rural Development agreement between a borrower (a partnership or limited liability company) and the Government, setting the terms and covenants of a loan made or insured under section 515(b) of the Housing Act of 1949.
The form is issued by USDA Rural Development under its Rural Housing Service and carries OMB No. 0575-0189. Under the title it lists five variants: an RRH loan to a partnership or to a limited partnership operating on a profit basis, an RRH loan to a partnership or to a limited partnership operating on a limited profit basis, and a loan to a limited liability company.
The agreement has seven numbered sections:
- 1. Parties and terms defined, including the loan amount and the meaning of "Housing" and "Loan Obligations".
- 2. Execution of loan instruments: the promissory note and the real estate security instrument.
- 3. Equal opportunity and nondiscrimination provisions, including Forms RD 400-1 and RD 400-4.
- 4. Borrower equity contribution.
- 5. Accounts for housing operations and loan servicing: a General Operating Account, a Tenant Security Deposit Account and a Reserve Account.
- 6. Regulatory covenants.
- 7. General provisions, including default and remedies.
The agreement is not the promissory note or the security instrument. It is a separate document that those instruments may cite as the "Loan Agreement", and it forms part of the total contract between the borrower and the Government relating to the Loan Obligations.
Who needs to file RD 3560-34?
The form is used by the borrower in a loan made or insured by the Government under section 515(b) of the Housing Act of 1949 to build a project that provides rental housing and related facilities for eligible occupants in rural areas. The borrower is one of the entity types listed under the title:
- a partnership or limited partnership operating on a profit basis (RRH loan);
- a partnership or limited partnership operating on a limited profit basis (RRH loan);
- a limited liability company receiving a loan.
Section 3 authorizes and directs the General Partners to execute, on behalf of the Partnership, the nondiscrimination undertakings and agreements the Government requires. The signature block at the end carries the partnership name and a "By:" line with a position, so the entity signs through an authorized person.
The form does not describe who else may sign for the borrower. It is not a loan application and is not meant for borrowers whose loan type is not among the five listed variants.
When to file RD 3560-34
The agreement is completed when the loan is made or insured, as part of the loan instruments the borrower executes with the Government. Section 2 requires the borrower to sign the promissory note and a real estate security instrument, and section 7g lets the agreement be cited in those instruments as the "Loan Agreement" of a stated date, so the date of the agreement is entered at signing.
Two timing rules in the form affect when funds must be in place. Under section 4, the borrower's equity contribution is placed or deposited with the lender and disbursed before any disbursement of interim loan funds or any loan funds from the Government. Under section 5a, the borrower provides the General Operating Account cash by the time the Government loan is closed or interim funds are obtained, whichever occurs first. The form prints no separate filing deadline.
Documents you need
- A copy of Form RD 400-4, Assurance Agreement (under Title VI, Civil Rights Act of 1964), which section 3 says is attached to the Loan Agreement and made a part of it.
- Form RD 400-1, Equal Opportunity Agreement, with its Equal Opportunity Clause, executed on behalf of the Partnership by the General Partners; section 3 requires it as a rider to each construction contract above the threshold printed in the form that is paid in part with loan funds.
- The promissory note (the Note) and the real estate security instrument that section 2 requires the borrower to execute with the Government, along with any other instruments the Government requires for the loan.
How to fill out RD 3560-34
Identify the loan type
Under the title, find which of the five variants matches your borrower and loan: RRH loan to a partnership or limited partnership (profit or limited profit basis), or loan to a limited liability company.
Complete the parties in section 1
Enter the agreement date, the partnership name, the state or jurisdiction under which it is organized and its address. Then enter the amount of the loan.
Enter the note term in section 2
Fill in the number of years over which the Note is payable in installments. Interest rate and other terms are prescribed by the Government, so the form does not ask you to set them.
Enter the equity contribution in section 4
Write the amount the Partnership will contribute from its own funds for the land purchase or development. This is the amount that is placed or deposited with the lender before any interim or Government loan funds are disbursed.
Complete the General Operating Account
In section 5a, enter the total cash the borrower will provide from its own funds by the time the loan is closed or interim funds are obtained, whichever occurs first.
Complete the Reserve Account amounts
In section 5b, enter the minimum annual transfer, the minimum sum the account must reach and the borrower's initial investment used for the dividend provision.
Enter the initial investment in section 6k
Write the Partnership's initial investment in the blank in clause k, which is the base for the return-on-investment limit.
Date the citation line in section 7g
Enter the day, month and year that complete the sentence stating that the agreement may be cited in the security instrument and other instruments as the Loan Agreement.
Complete the signature block
Enter the partnership name, then sign on the "By:" line with the position of the person signing for the Partnership.
Review and download the completed PDF
Check that every blank is filled, that the amounts agree with the loan approval and that Form RD 400-4 is attached. Download or print the completed PDF from FillingPDF and keep it with the loan documents.
How to submit RD 3560-34
The form prints no mailing address, portal or appointment rule. It is an agreement made between the borrower and the Government, acting through the Rural Housing Service or a successor agency of USDA Rural Development, so the completed and signed agreement is delivered as part of the loan documents for that loan.
- Where it goes: to the Government party to the loan, through the loan closing documents the Government requires under section 2.
- What goes with it: a copy of Form RD 400-4, Assurance Agreement (under Title VI, Civil Rights Act of 1964), is attached to the agreement and made part of it.
- Questions: the form gives an email address, [email protected], only for comments on the paperwork burden estimate.
FillingPDF lets you fill out and download the PDF; submission follows the channels used for the loan documents.
Common mistakes to avoid
- Leaving the blanks in section 1 empty: the agreement date, the partnership name, the state of organization, the address and the loan amount are all part of the contract.
- Not filling in the equity contribution amount in section 4, which must be placed or deposited with the lender and disbursed before any interim or Government loan funds.
- Leaving out the General Operating Account cash amount in section 5a, when the borrower must provide it by the time the loan is closed or interim funds are obtained, whichever occurs first.
- Skipping a Reserve Account figure in section 5b: the form asks for the annual transfer, the minimum sum and the borrower's initial investment, and the initial investment is asked again in section 6k.
- Changing the printed text of the agreement; section 6i bars altering, amending or repealing it without the Government's consent.
- Omitting the copy of Form RD 400-4 that section 3 says is attached to the agreement and made part of it.
- Signing without completing the partnership name, the "By:" line and the position in the signature block.
- Leaving the date line in section 7g blank, since it is the date by which the security instrument and other instruments cite the agreement as the Loan Agreement.
Frequently asked questions
What is Form RD 3560-34, Loan Agreement?
Form RD 3560-34, Loan Agreement, is the USDA Rural Development agreement between a borrowing partnership or limited liability company and the Government for a loan made or insured under section 515(b) of the Housing Act of 1949. It sets the borrower's covenants, accounts and default terms.
Which borrowers use Form RD 3560-34?
Partnerships and limited partnerships receiving an RRH loan, on either a profit or a limited profit basis, and limited liability companies receiving a loan. These are the five variants printed under the title. The form is not a loan application.
What accounts does the loan agreement require?
Section 5 requires the borrower to keep three accounts on its books while the Loan Obligations remain unsatisfied: a General Operating Account, a Tenant Security Deposit Account and a Reserve Account. Sections 5a and 5b give the amounts the borrower must fill in for the first and the last.
What happens if the borrower breaks the agreement?
Under section 7b, failure to comply is a default, just like missing a payment on the Loan Obligations. The Government may require specific performance, declare the entire amount of the Loan Obligations immediately due, take possession of the Housing, foreclose its security and enforce other remedies.
Can the terms of the loan agreement be changed?
Not by the borrower alone. Section 6i bars altering, amending or repealing the agreement or the Partnership Agreement without the Government's consent, and section 7c says provisions may be waived by the Government or changed by agreement between the Government and the Partnership. Changes must be in writing.
Can I fill out Form RD 3560-34 online?
Yes. You can fill out the PDF online on FillingPDF and download or print it. FillingPDF is an independent service, not USDA Rural Development, and it does not file the agreement; it is delivered through the loan documents for the loan.
How long does it take to complete the form?
The form's Paperwork Reduction Act notice estimates an average of 15 minutes per response, including reviewing instructions and gathering data. The notice says the OMB control number is 0575-0189, which expires 03/31/2026.
Do I need to attach anything to the loan agreement?
Section 3 says a copy of Form RD 400-4, Assurance Agreement (under Title VI, Civil Rights Act of 1964), is attached and made part of the agreement. Form RD 400-1 goes into construction contracts as an Equal Opportunity Clause rider, and the Note and security instrument are executed separately.
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