§ 3565.301 Loan standards.

An approved lender must originate and underwrite the loan and appraise the subject property in accordance with prudent lending practices and Agency criteria addressing the following factors: (a) Borrower qualifications and creditworthiness; (b) Property, vacancy, market vacancy or collection loss; (c) Rental concessions and rent levels; (d) Tenant demand and housing supply; (e) Property operating and maintenance expense; (f) Property requirements as contained in subpart F of this part; (g) Debt coverage ratio; (h) Operating and long-term capital requirements; (i) Loan-to-value ratio; (j) Return on borrower equity; and (k) Estimated long-term marketability of the project.