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SFH Guaranteed Origination

June 25, 2024

Advance Notice: Revisions to HB-1-3555, Chapter 11

The Single Family Housing Guaranteed Loan Program (SFHGLP) is pleased to announce upcoming revisions to technical Handbook 1-3555, Chapter 11, Ratio Analysis.  These changes are expected to be implemented on August 5, 2024.  Below are the highlighted 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.

Copies of the upcoming revisions are available for review on the Loan Origination page of the USDA LINC Training and Resource Library, under the sub-heading “New”. 

Questions regarding program policy and this announcement may be directed to sfhgld.program@usda.gov or (833) 314-0168.

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