Thursday, May 9, 2013

Kentucky Rural Housing and RHS Debt Ratio Waivers and Compensating Factors applies only to Section 502 guaranteed home loan purchase loans


 SFH Origination Updates
Kentucky  Rural Housing and RHS Debt Ratio Waivers and Compensating Factors applies only to Section 502 guaranteed home loan purchase loans




Single Family Housing Guaranteed Loan Program
 
 



May 7, 2013

Administrative Notice (AN) No. 4710:  Clarification

AN 4710 “Debt Ratio Waivers and Compensating Factors” applies only to Section 502 guaranteed loan purchase transactions.  It does not apply to refinance transactions.  An updated version of the AN may be issued with this additional clarification.      

  Joel Lobb (NMLS#57916)