USDA HB-1-3555 8.1: INTRODUCTION

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USDA HB-1-3555, Single Family Housing Guaranteed Loan Program Technical Handbook
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page 85 of 551

Page 85

8.1 INTRODUCTION

Applicants seeking the assistance of a Single Family Housing Guaranteed Loan Program (SFHGLP) loan must meet the minimum applicant characteristics outlined in this chapter. Lenders must determine that the criteria have been met prior to analyzing the applicants’ income, credit, and ratio qualifications.

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