**GRH ORIGINATION PACKAGE CHECKLIST**

**APPLICANT:      DATE:     **

**LENDER CONTACT AND PHONE NUMBER:     **

**NOTE: The following website will take you into RD's regulations
(1980-D) on the guarantee loan program. Once you are in the**

**website you will need to page through to the specific reference, i.e.
1980.353©**

[USDA-RURAL DEVELOPMENT
REGULATIONS](http://www.rurdev.usda.gov/regs/regs_toc.html#1980)

**[SIGNED COPIES ACCEPTABLE: LENDER KEEPS ORIGINALS:]{.underline}**

**Form RD 1980-21; "Request for Single Family Housing Loan Guarantee,"
<http://www.rurdev.usda.gov/regs/forms/1980-21.pdf>** \[signed by RHS
approved lender and applicant(s)\]. See

1980.353(c)

**Fannie Mae Form 1003, "Uniform Residential Loan Application\"**

**Credit report.** Credit report must be Fannie Mae, Freddie Mac, HUD or
VA approved**.** See RD AN 4267

If "sole and separate" applicant, lender must obtain individual credit
reports on

applicant & non-purchasing spouse.)

**Alternative credit documentation** **Verification of. 2 years rental
history if not on credit report**

**Note: If applicant's credit score is 620 or above & co-applicant's
score is not below 620, rental history verification is not needed, and
outstanding collection accounts may not be required to be paid off. See
RD AN 4346** <http://www.rurdev.usda.gov/regs/an/an4346.pdf>, **and RD
AN 4366,** <http://www.rurdev.usda.gov/regs/an/an4366.pdf>

**Fannie Mae Form 1008, "Uniform Underwriting and Transmittal Summary"
or equivalent. Must be**

**signed by underwriter. Comments, pre-qualifying and final requirements
of underwriter must be**

**attached.** 1980.353(c)(12), RD AN 4366,
<http://www.rurdev.usda.gov/regs/an/an4366.pdf> RD AN 4237,

<http://www.rurdev.usda.gov/regs/an/an4346.pdf>

**If applicable, payment shock of 100% or more (double current housing
expense) must be**

**documented on Form 1008.** RD AN 4366,
<http://www.rurdev.usda.gov/regs/an/an4366.pdf>

**Verification of all household income verified by:** (Reference
1980.353(e)(1)(i-vi) at the link listed at the top of the page,

and RD AN 4363 <http://www.rurdev.usda.gov/regs/an/an4363.pdf>

**Note: If "sole and separate" applicant, must also verify income of a
non-purchasing spouse.**

**RD Form 1910-5, \"Request for Verification of Employment or the
equivalent HUD/FHA/VA or Fannie**

**Mae Form [and]{.underline}**

**the most recent paycheck stub OR**

**Paycheck stubs or payroll earnings statements covering the most recent
30-day period, [and]{.underline}**

**W-2 tax forms for the previous 2 tax years, [and ]{.underline}**

**A telephone verification of the applicant\'s current employment. OR**

**Electronic verification or other computer-generated documents accessed
and printed from an Intranet**

**or Internet, [and]{.underline} W-2 tax forms for the previous 2 tax
years, [and]{.underline} a telephone verification of the**

**applicant's current employment.**

**Note: Non-taxable income may be grossed up 20%**

**MUST ALSO INCLUDE THE FOLLOWING AS APPLICABLE:**

**Divorce Decree** 1980.353(e)(1)(iii)

> **Child Support** 1980.353(e)(1)(iii)

**Farming/Business Income** 1980.353(e)(1)(v), 1980.347, & RD AN 4367,
<http://www.rurdev.usda.gov/regs/an/an4367.pdf>

**Social Security/Pension/Disability Income** 1980.353(e)(1)(vi) &
1980.347 (See link at top of page)

**Other** (Note: For Section 8 Vouchers see UG, AN Section RD AN 4293,
<http://www.rurdev.usda.gov/regs/an/an4293.pdf>

**FOR SELF-EMPLOYED APPLICANTS USE THE FOLLOWING OR EQUIVALENT:** (RD AN

4367, <http://www.rurdev.usda.gov/regs/an/an4367.pdf>

**Fannie Mae Form 1084A, \"Cash Flow Analysis OR**

**Fannie Mae Form 1088, \"Comparative Income Analysis"**

**Detailed calculation of adjusted gross household income.** (Go to link
for Adjusted Gross Income Worksheet,

<http://eligibility.sc.egov.usda.gov/eligibility/incomeEligibilityAction.do?pageAction=state&NavKey=income@11>

**Document the CAIVRS on RD Form 1980-21, "Request for SFH Loan
Guarantee."**

**Qualified Alien Status documentation, if applicable** 1980.346(c) see
link at top of page and RD AN 4302,

<http://www.rurdev.usda.gov/regs/an/an4302.pdf>

**Requests for Waivers of Ratios or Credit, if applicable.** 1980.
345(c)(5) (See link at top of page) & RD AN 4366,

<http://www.rurdev.usda.gov/regs/an/an4366.pdf> Document on Fannie Mae
Form 1008 or comparable form.

**Signed Purchase agreement.** Reference 1980.353(c)(16) (See link at
top of page)

**Appraisal Report** 1980.334, 1980.353©(8), RD AN 4364,
<http://www.rurdev.usda.gov/regs/an/an4364.pdf>

ID AN 1709.

**Uniform Residential Appraisal Report (URAR) Freddie Mac Form 70/Fannie
Mae Form 1004) or**

**Individual Condominium Unit Appraisal Report (Fannie Mae Form 1073,
FHLMC Form 465)**

**(for individual condominium units only). (Also see UG, AN Section, AN
4196, Pages 67-76C)**

**Manufactured Home Appraisal Addendum, and URAR Manufactured Home
Addendum (Freddie Mac**

**Form 70B) or (Fannie Mae Form 1004C.)**

**FEMA Form 81-93, "Standard Flood Hazard Determination".** No new
construction in flood zone.

If existing home in flood zone, the first floor must be above the
100-year flood elevation.

**NEW CONSTRUCTION: These items do not need to be submitted to RD, but
the lender must**

**retain them in their original file. Lenders will certify to RD at
closing that they have these items**

**and everything is acceptable.**

**Certified Plans & Specs**

**Building Permit, issued by local jurisdiction or**

**Certificate of Occupancy issued by local jurisdiction or**

**Copy of certification from a qualified individual or organization that
state the reviewed documents comply**

**with applicable development standards. RD Form 1924-25, "Plan
Certification" is an acceptable format**

**but is not required.**

**Evidence of Construction Inspections**

**Certificate of Occupancy issued by local jurisdiction and one-year
builder's warranty or**

**Copies of footing, framing and final inspections and one-year
builder's warranty or**

**Final inspection and 10 year insured builder warranty plan acceptable
to RD and**

**Approval of Water and Water/Waste Disposal Systems if Private Well and
Septic**

**See link at top of page. Reference** RD AN 4313 and/or RD AN 4303 or
click on the follow links.

<http://www.rurdev.usda.gov/regs/an/an4313.pdf>; RD AN 4303,
<http://www.rurdev.usda.gov/regs/an/an4303.pdf>

**EXISTING HOMES:** RD AN 4364,
<http://www.rurdev.usda.gov/regs/an/an4364.pdf>

**Certification that existing home meets HUD Handbooks 4150.2 and
4905.1,** 1980.341(b)(i) (See link at top of page)

(Appraisal completed by FHA Roster Appraisal on appraisal forms or
conventional appraisal on appraisal

forms with home inspection and private well certification as applicable.
Appraisal to be included in

application package. Appraiser to document handbook certification on
Page 3 of the appraisal or click link for optional

[Appraiser Certification
form](http://www.rurdev.usda.gov/id/GUARPage/APPRAISERCERT.doc).

**For Private Wells**: Water bacteria test from the local health
authority or state certified laboratory.

**For private septic systems**: Needed only if required by appraiser or
home inspector. The separation distances between a well

and septic tank, the drain field and the property line should comply
with HUD Guidelines or state well codes. See Appraiser

Certification in Forms Section of Forms Guide.

This checklist is automated and available online at:
<http://www.rurdev.usda.gov/id/GUARPage/UnderwriterGuide.htm>

**(Revised 04/02/2008)**