USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶11.7 — Obligations Not Included In Debt-To-Income Ratios

USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶11.7 — Obligations Not Included In Debt-To-Income Ratios

11.7 OBLIGATIONS NOT INCLUDED IN DEBT-TO-INCOME RATIOS Obligations not considered or included in total debt-to-income ratio calculations include: x Medical collections; x Medical payments; x Federal, state, and local taxes, unless a payment plan is in place; x Federal Insurance Contribution Act (FICA) contributions; x Other retirement contributions such as 401(k) accounts, including the repayment of loans secured by 401(k) funds; x Automatic deductions to savings accounts, mutual funds, stocks, bonds, certificates of deposit, including the repayment of loans secured by such funds; x Collateralized loans secured by depository accounts; x Utilities; HB-1-3555 (03-09-16) SPECIAL PN 11-13 Revised (05-05-25) PN 640 Guidance documents lack the force and effect of law, unless expressly authorized by statute or incorporated into a contract. USDA may not cite, use, or rely on any guidance that is not available through their guidance portal, except to establish historical facts. x Insurance, other than property insurance; x Commuting costs; x Union dues; x Open accounts with zero balances; x Child care; and x Voluntary deductions. All liabilities disclosed by the applicant should be listed in GUS. The lender may “omit” liabilities as permitted. HB-1-3555 (03-09-16) SPECIAL PN 12-1 Revised (05-05-25) PN 640 Guidance documents lack the force and effect of law, unless expressly authorized by statute or incorporated into a contract. USDA may not cite, use, or rely on any guidance that is not available through their guidance portal, except to establish historical facts. CHAPTER 12: PROPERTY AND APPRAISAL REQUIREMENTS

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