Home
Forms Library
Guaranteed Rural Housing Guidelines

Guaranteed Rural Housing Guidelines 2025

Guaranteed Rural Housing Guidelines Preview on Page 1

See details

4.8 out of 5

43 votes

The document outlines the guidelines for the Guaranteed Rural Housing (GRH) program, which aims to provide affordable housing finance options for very low-, low-, and moderate-income rural residents. It details eligibility criteria for borrowers, property specifications, loan amounts, terms, and underwriting methods. Key points include requirements for credit scores, loan-to-value ratios, acceptable properties, and necessary documentation for income verification. The program is designed to assist those who lack sufficient resources for conventional financing.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out Guaranteed Rural Housing Guidelines with our platform

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Click ‘Get Form’ to open the Guaranteed Rural Housing Guidelines in the editor.
Begin by reviewing the Program Description section. This outlines eligibility criteria, including income limits and property location requirements.
Fill out the Ownership in Multiple Properties field. Ensure you do not own any other adequate housing at closing.
Complete the Loan Purpose section, indicating whether you are applying for a purchase or refinance.
In the Eligible Borrowers section, provide necessary documentation proving your status as a U.S. Citizen or Permanent Resident Alien.
Proceed to fill out financial details such as Minimum/Maximum LTV and Loan Amount, ensuring all figures align with program specifications.
Review and complete sections on Employment/Income and Assets, providing accurate information about your financial situation.

Start using our platform today to streamline your document editing and form completion process for Guaranteed Rural Housing Guidelines!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Which is better, USDA direct or guaranteed?

Put simply, if you qualify for a USDA direct loan, its usually the best deal youll find. In contrast, the USDA guaranteed loan has broader income and eligibility requirements, making it accessible to a much larger group of applicants.

How hard is it to get approved for an USDA loan?

USDA loans can be hard to get since they have strict income, payment, and home location limits. For instance, your income cant exceed 115% of the median household income in the area where you want to buy a home. Then, your monthly payment cant exceed 29% of your gross monthly income.

What is the Guaranteed rural housing Program?

The Section 502 Guaranteed Rural Housing Loan Program is designed to serve rural residents who have a steady, low or modest income, and yet are unable to obtain adequate housing through conventional financing. These loans enable low- and moderate-income rural residents to acquire modestly priced homes.

What credit score is needed for a 502 guaranteed rural housing loan?

If the applicants credit score is less than 640 for 502 loans (or 620 for 504 loans), the Loan Originator must development a credit history from at least three sources. However, only two sources are required if one of those is a verification of rent or mortgage payments.

Try more PDF tools