RHS issued a SFH Guaranteed Origination Notice (Notice) increasing the elderly family deduction when calculating adjusted annual income within the Single-Family Housing Guaranteed Loan Program (SFHGLP). Per the Notice, the SFHGLP announced an increase to the elderly family deduction (as part of the SFHGLP Handbook 1-3555, Chapter 9, Attachment 9-A) which permits applicants who are age 62 or older to benefit from an elderly family deduction when calculating adjusted annual income. Effective immediately, this annual deduction has increased from $400 to $525 per household. SFHGLP Handbook changes to reflect the new deduction amount will be forthcoming; however, the Guaranteed Underwriting System is correctly applying the increased deduction.

Click to view the RHS SFH Guaranteed Origination Notice: https://www.tenaco.com/wp-content/uploads/2025/08/RHS-SFH-Guaranteed-Origination-Notice-08-11-25.pdf