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HB-2-3550 Direct Single Family Housing Loans and Grants - Servicing Office Handbook
- TABLE OF CONTENTS - Rural Development
attachment 3-b: lender eligibility guide – new...
- Guaranteed Loans - Lender Toolkit - USDA Farm Service Agency
This guide walks lenders through how to add users and assign...
- TABLE OF CONTENTS - Rural Development
attachment 3-b: lender eligibility guide – new lender/renewing lender attachment 3-c: new lender training and certification chapter 4: lender responsibilities 4-1 4.1 introduction 4-1 4.2 operate responsibly 4-1 4.3 maintain a well-trained staff 4-1 4.4 collect payments and ensure payment of taxes and insurance 4-2
A. Lenders 3-9 B. Agency 3-10 3.8 MONITORING A LENDER’S ORIGINATION AND SERVICING OF LOANS 3-10 A. Review Circumstances and Factors 3-10 B. Conducting Oversight Reviews 3-10 3.9 LENDER RECERTIFICATION AND REVOKING LENDER ELIGIBILITY 3-11 3.10 VOLUNTARY WITHDRAWAL 3-12 ATTACHMENT 3-A: LENDER APPROVAL CHECKLIST : CHAPTER 4:
Additional information on income limits can be found in Appendix 5 of this Handbook. This section assists lenders in analyzing income types, completing income calculations (annual, adjusted annual, and repayment), and documenting the income with acceptable verifications.
Explore Rural Development’s loan data with our new Rural Data Gateway Dashboards! *NEW*How has Rural Development impacted your local housing economy and community?
The lender is responsible to confirm applicants and households meet eligibility criteria for the SFHGLP. Lenders must calculate and document annual, adjusted, and repayment income. The guidance provided applies to both manually underwritten loans and loans that utilize the Guaranteed Underwriting System (GUS). SECTION 1: ELIGIBILITY INCOME
This guide walks lenders through how to add users and assign them roles as well as instructions on how to enter semi-annual status reports. If you need additional assistance using LINC, please contact your local FSA Service Center.
