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USDA Guidelines
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Max Loan Amount: Determined by DTI
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Bankruptcy:
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Chapter 7- 3 Years
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Chapter 13- 3 Years
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Foreclosure & Short-sale: 36 Months before loan application
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DTI: 29/41% Max, 29/45% with compensating factors/reserves
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Down Payment: None
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Max LTV: 101% Financing based on appraised value & to include the 1% RD Fee
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CLTV: 101% Financing based on appraised value & to include the 1% RD Fee
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Reserve Requirements: Per GUS Findings
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Credit Score: 640 Purchase & Refinance
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Subject property and borrower's income must meet RD eligibility

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