USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶9.1 — Introduction
USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶9.1 — Introduction.
Verbatim regulatory text
Verbatim provisions from USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶9.1 — 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 ¶9.1 — Introduction
9.1 INTRODUCTION The lender is responsible to confirm applicants and households meet the eligibility criteria for the Single Family Housing Guaranteed Loan Program (SFHGLP). Lenders must calculate and document annual, adjusted annual, and repayment income. The guidance provided applies to all loans, including manually underwritten loans and loans that utilize the Agency’s automated underwriting system, Guaranteed Underwriting System (GUS). SECTION 1: ELIGIBILITY INCOME