Transcription of CHAPTER 4: BORROWER ELIGIBILITY
{{id}} {{{paragraph}}}
Example: bachelor of science
CHAPTER 4: BORROWER ELIGIBILITY
HB-1-3550 OVERVIEW Ensuring that all applicants served are eligible and receive the correct amount of assistance is a significant responsibility of Loan Originators and Loan Approval Officials. A BORROWER must be income-eligible, demonstrate a credit history that indicates ability and willingness to repay a loan, and meet a variety of other program requirements. This CHAPTER provides guidance for each of these areas. Section 1: Evaluating BORROWER Income provides instructions for calculating and verifying annual, adjusted, and repayment income. Section 2: Evaluating BORROWER Assets discusses Agency requirements for cash contributions to the purchase and methods for computing income from assets. Section 3: Credit History identifies indicators of acceptable and unacceptable credit and provides instructions for reviewing an applicant s credit history.
HB-1-3550 . 4.1 OVERVIEW . Ensuring that all applicants served are eligible and receive the correct amount of assistance is a significant responsibility of …
Loading..
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: