USDA Guidelines

Max Loan Amount: Determined by DTI

Bankruptcy:

• Chapter 7- 3 Years

• Chapter 13- 3 Years

Foreclosure & Short-sale: 36 Months before loan application

DTI: 29/41% Max, 29/45% with compensating factors/reserves

Down Payment: None

Max LTV: 101% Financing based on appraised value & to include the 1% RD Fee

CLTV: 101% Financing based on appraised value & to include the 1% RD Fee

Reserve Requirements: Per GUS Findings

Credit Score: 640 Purchase & Refinance

Subject property and borrower's income must meet RD eligibility