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10.2 CREDIT ELIGIBILITY REQUIREMENTS
Lenders must review the credit history of an applicant, as applicable, to determine an ability and willingness to meet their debt obligations.
The following adverse credit items will render an applicant ineligible for a guaranteed loan:
x Presently delinquent non-tax Federal debt;
x Presently delinquent court ordered child support payments, subject to the
collection by an administrative offset, unless the applicant has brought payments current, the debt is paid in full, or otherwise satisfied by a documented release of liability;
x Presently delinquent court ordered child support, not subject to an
administrative offset, unless the applicant has an approved repayment agreement in place with three timely payments made prior to loan closing, the arrearage is paid in full prior to loan closing, or a release of liability is documented; and
x CAIVRS Claim: An applicant that will be a party to the loan does not have a
clear “A” Credit Alert Verification Reporting System (CAIVRS) response.
Refer to Attachment 10-A “Credit Matrix” for additional information.
_____________________________________________________________________________ (03-09-16) SPECIAL PN 10-1 Revised (08-05-25) PN 649 Guidance documents lack the force and effect of law, unless expressly authorized by statute or incorporated into a contract. USDA may not cite, use, or rely on any guidance that is not available through their guidance portal, except to establish historical facts.