© 2018 RHS HB-1-3555 SFH Guaranteed Loan Program Technical Handbook
Using credit scores in underwriting. A credit score is a numeric representation of financial behavior, based on information found in a credit report. Credit scores are primarily based on five factors:
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Pre-foreclosure sale. A pre-foreclosure sale (short sale) transfer occurred within three years of the request for conditional commitment. Refer to Attachment 10-B for further guidance.Additional Resource: https://www.rd.usda.gov/files/3555-1chapter10.pdf#page=10