USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶10.1 — Introduction
USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶10.1 — Introduction.
Verbatim regulatory text
Verbatim provisions from USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶10.1 — Introduction — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶10.1 — Introduction
10.1 INTRODUCTION This chapter discusses the Agency’s criteria to assess and document the credit history of a loan file. Credit requirements may vary for loans originated with the assistance of the Guaranteed Underwriting System (GUS) as compared to those manually underwritten. Lenders may impose additional criteria/overlays at their discretion.