Ratio Analysis - USDA Rural Development

Ratio Analysis

Single Family Housing Guaranteed Loan Program

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Training Objectives

? Where is the topic located? * 7 CFR Part 3555 and HB-1-3555

? Learning Checks ? Resources

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Things change!

? Every effort has been made to ensure training references are accurate at the time of publication.

? Always reference the most recent USDA publications available online.

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Guaranteed Loan Program Regulation 7 CFR Part 3555

? The regulation is the rule! ? 8 Subparts: A ? H ? Appendix 1

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7 CFR Part 3555



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7 CFR Part 3555

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7 CFR Part 3555 Subpart D: Underwriting the Applicant

? .151: Eligibility requirements ? .152: Calculation of income and assets

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3555.151(h): Repayment ability

1. Repayment ratios 2. Compensating factors 3. Loan ratio exceptions 4. Additional applicants 5. Mortgage credit certificates 6. Section 8 Homeownership vouchers 7. Buydown accounts

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