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SFH Guaranteed Origination

May 8, 2024

The Policy Desk: Proposed Revisions to HB-1-3555, Chapter 11

The Single Family Housing Guaranteed Loan Program (SFHGLP) is seeking input on proposed revisions to technical Handbook 1-3555, Chapter 11, Ratio Analysis. The proposed revisions have been posted to the SFHGLP Policy Desk, accepting comments through June 7, 2024.  Below are the highlighted proposed revisions:

Chapter 11 – Ratio Analysis

• Increased the maximum PITI Ratio to 34% (applicable to non-GUS Accept files).
• Provided additional clarification on business debts reported on the applicant’s personal credit report.
• Clarified that waivers are not permitted to increase the PITI ratio above 34% for purchase transactions (applicable to non-GUS Accept files).
• Added additional compensating factors which may be considered to support approval of a ratio wavier.

Feedback can be provided using the Stakeholder Comment Form located on the SFHGLP Policy Desk, or by emailing the Policy Desk at sfhgld.policydesk@usda.gov.

Thank you for supporting the Single-Family Housing Guaranteed Loan Program! 

Help Resources

Rural Development Help Desk:

For GUS system, outage or functionality assistance

Email: RD.HD@USDA.GOV

Important Links:

SFHGLP Lending Partner Webpage: https://www.rd.usda.gov/page/sfh-guaranteed-lender

SFHGLP Webpage: https://www.rd.usda.gov/programs-services/single-family-housing-guaranteed-loan-program

USDA LINC Training and Resource Library:  

https://www.rd.usda.gov/programs-services/lenders/usda-linc-training-resource-library

Procedure Notices: https://www.rd.usda.gov/resources/directives/procedures-notices