Kentucky USDA and Rural Housing Credit Scores Guidelines
Kentucky USDA and Rural Housing Credit Scores Guidelines Kentucky USDA No Score Loan Guides DTI: 29/41 Maximum no exceptions. Rent: 12 months 0 x 30 on Rent. 12 months cancelled checks or VOR if institution. Or a four Non Traditional Trade Lines may be substituted with underwriting approval. Credit: No delinquent or derogatory past or current credit. Regardless of size or type. No open collections or judgments (exceptions granted upon review only and only based on overall profile of the loan). Job Time: 2 years of consecutive work/education with no gaps. Alternative Trades: 3 Non Traditional Trades with Rent or 4 Non Traditional Trades with No Rent. 0 x 30 and must have 12 month history on each trade. Pricing: 3.00 negative adjustment to price. Miscellaneous: Required to have 2 months bank statements and/or 401k asset Account with 2 month Reserves. FTHB Education is required. Minimum Loan: $30,000 Residual Incomer per Family/Geographic: Borrowers mus...