Single Family Housing Guaranteed Loan Program-Principal, Interest, Taxes & Insurance (PITI) Ratio Guidelines & Limited Party Concessions

USDA, proposes to amend the current Single Family Housing Guaranteed Loan Program (SFHGLP) regulation for all files that receive a recommendation of “ Refer” or “Refer with Caution from the Guaranteed Underwriting System” (GUS), as well as files not supported by GUS, to increase the maximum principal, interest, taxes, and insurance (PITI) ratio and remove the option to request a PITI ratio waiver for purchase transactions.