Form RD 3550-9 at a glance
What it is: Form RD 3550-9 is the Initial Escrow Account Disclosure Statement of the United States Department of Agriculture Rural Housing Service.
Who signs: Enter the Borrower Signature and the Date Signed.
A filled-in Form RD 3550-9 example: a lender discloses a yearly payment
How to fill out Form RD 3550-9, box by box
Lender, borrower and loan
Enter the Lender's Name and Address and the Borrower Name and Address.
Enter the Loan No. and the Telephone No.
Enter the Disclosure Date.
Your mortgage payment for the coming year
Your mortgage payment for the coming year will be $, of which $ will be for principal and interest, and $ will go into your escrow account.
First monthly mortgage payment
Your first monthly mortgage payment for the coming year will be $. The terms of your loan may result in changes to the principal and interest payments during the year.
Escrow Acct. Balance activity
This is an estimate of activity in your escrow account during the coming year based on payments anticipated to be made from your account.
Enter the Starting Balance, then for each row the Month/ Payment No., the Payments to Escrow Acct., the Payments from Escrow Acct., the Description and the Escrow Acct. Balance.
Cushion and signatures
Enter the Cushion selected by servicer.
Please keep this statement for comparison with the actual activity in your account at the end of the escrow accounting computation year.
Enter the Borrower Signature and the Date Signed.
Sources
[1] Form RD 3550-9 (02-22), Initial Escrow Account Disclosure Statement, U.S. Department of Agriculture Rural Housing Service (the Official source link on this page).
