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9.1 INTRODUCTION
The lender is responsible to confirm applicants and households meet the eligibility criteria for the Single Family Housing Guaranteed Loan Program (SFHGLP). Lenders must calculate and document annual, adjusted annual, and repayment income. The guidance provided applies to all loans, including manually underwritten loans and loans that utilize the Agency’s automated underwriting system, Guaranteed Underwriting System (GUS).
SECTION 1: ELIGIBILITY INCOME