Ratio Analysis - USDA Rural Development
Ratio Analysis Single Family Housing Guaranteed Loan Program 1. Training Objectives Where is the topic located? * 7 CFR Part 3555 and HB 1 3555. Learning Checks Resources 2. 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. 3. Guaranteed Loan Program Regulation 7 CFR Part 3555. The regulation is the rule! 8 Subparts: A H. Appendix 1. 4. 7 CFR Part 3555. guidelines 5. 7 CFR Part 3555. 6. 7 CFR Part 3555. Subpart D: Underwriting the Applicant .151: Eligibility requirements .152: Calculation of income and assets 7. (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 8. Guaranteed Loan Program Technical Handbook HB 1 3555.
• Lender excludes auto liability from ratios • Chad’s ratios: 29% PITI and 40% TD • UW may decide to include the auto payment in the ratios due to its significant impact on repayment A. TRUE B. FALSE 47
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