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USDA HB-1-3555 12.8: MODEST HOUSING

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USDA HB-1-3555, Single Family Housing Guaranteed Loan Program Technical Handbook
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page 220 of 551
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Page 220

12.8 MODEST HOUSING

There are no maximum mortgage limits for properties financed under the SFHGLP. Modest housing is defined as a new or existing dwelling that a low- or moderate-income borrower can afford based on their repayment ability. The property must not be primarily designed for income producing activity.

Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.