Underwriting

USDA Rural Housing Loans
USDA plans to release access to the GUS (Guaranteed Underwriting System) to our broker partners. This page will provide the link to the guaranteed underwriting system as soon as it is available.  Once approved, the GUS findings can be released to your underwriter just as you would
release FNMA findings.

USDA Underwriting Guidelines

PHFA Loans

Addional requirements will apply for submissions with credit scores between 580 and 620.

The following additional requirements will apply on each specified product

Conventional - PHFA loans

FHA - PHFA loans

Documentation must be provided evidencing that the circumstances surrounding the adverse information were temporary in nature, were beyond the applicant's control, and have been removed so their reoccurence is unlikely. Re-estalished credit after the adverse circumstances may be required on a case by case basis.

Lack of Credit
Submissions will be considered on a case by case basis