Transcription of RURAL HOUSING UNDERWRITING GUIDELINES
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RURAL HOUSING UNDERWRITING GUIDELINES
RURAL HOUSING UNDERWRITING GUIDELINES . PROGRAM ELIGIBILITY. Borrower Eligibility In order to be eligible for a RURAL Development guaranteed loan, the Borrowers' adjusted household income cannot exceed the maximum allowable income limit set forth in RURAL Development Instruction 1980-D , Exhibit C (use moderate-income limits). ( ). The borrower must not have sufficient assets to obtain other traditional conventional financing. The borrower may, however, qualify for an FHA or VA loan. In other words, applicants may have liquid assets and be eligible to participate in the GRH Program.
RURAL HOUSING UNDERWRITING GUIDELINES JPMORGAN CHASE BANK, N.A. Revised September 2011 Page 3 . these “prepaid” items) may occasionally result due to final escrow and
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