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.
Verbatim regulatory text
Verbatim provisions from USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶11.7 — Obligations Not Included In Debt-To-Income Ratios — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
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
Operationalizing USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶11.7 — Obligations Not Included In Debt-To-Income Ratios
This is verbatim, source-snapshotted regulator text from the Claude for Compliance open corpus. To turn a rule like this into compliance work product: gap-analyze your policies and procedures (P&Ps) against these requirements to surface stale, conflicting, or missing provisions; operationalize any change with a ready-to-run update kit; and produce audit-ready evidence — every step grounded only in the regulator’s own words, never invented.
Source of record: https://claudeforcompliance.com/regs/usda-hb-3555-11-7/
· register usda-hb-3555-11-7 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.