HUD HOC Reference Guide

• Relocations 2-1
• Increased Family Size 2-2
• Non-occupying Borrower and Co-borrower 2-3
• Secondary Financing by Government Agencies 2-4
• Secondary Financing by Nonprofit Agencies 2-5
• Premium Pricing 2-6
• Citizenship & Immigration Status 2-7
• Non-Purchasing Spouse 2-8
• Credit Alert Interactive Voice Response System 2-9
• Rental Income 2-10
• Gift Funds 2-11
• Debt-to-income Ratio 2-12
• Adjustable Rate Mortgages & Interest Rate Buydowns 2-13
• Automated Underwriting Systems 2-14
• Closing Costs & Other Fees 2-15
• Credit Denials 2-16
• Lender Transfers 2-17
• Maximum Mortgages for Purchase Transactions 2-18
• Refinances 2-19
• Risk Analysis 2-20
• Vacancy, Collection & Maintenance Cost Factors 2-21