Kentucky USDA Rural Housing Mortgage Lender

Credit Profile: Minimum risk score of 640 for each borrower for full documentaion. Minimum risk score of 640 for each borrower for streamline transactions. The borrower must have two credit scores to be eligible. However, GUS may accept borrowers with only one score. Any loan that does not receive an Accept recommendation from GUS must be accompanied by a credit waiver from USDA. Supporting documentation may be required by USDA unless the loan receives an Accept recommendation from GUS Manually underwritten loans and GUS loans that receive a “Refer” underwriting recommendation approved for borrower(s) with eligible FICO scores of 640 and above do not require submission of supporting documentation to Rural Development. If the underwriter deems the adverse credit acceptable then the underwriter should document their decision on the Uniform Underwriting Transmittal Summary (Fannie Mae Form 1008/Freddie Mac Form 1077) in the "Underwriter Comments" section. Adverse cred...