Qualifying Guidelines

Ability-To-Repay Determinations must consider:


    • Current or reasonably expected income or assets
    • Current employment status
    • The monthly payment on the covered transaction
    • The monthly payment on any simultaneous loan
    • The monthly payment for mortgage-related obligations
    • Current debt obligations, alimony and child support
    • The monthly debt-to income ratio or residual income
    • Credit history

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