How long is credit documentation valid?

Documents used in the origination and underwriting of a mortgage may not be more than 120 days old at the Disbursement Date. Documents whose validity for underwriting purposes is not affected by the passage of time, such as divorce decrees or tax returns, may be more than 120 days old at the Disbursement Date.  For purposes of counting days for periods provided in this SF Handbook, day one is the day after the effective or issue date of the document, whichever is later. 

For additional information see Handbook 4000.1 II.A.1.a.i.(A)(1)(a)  at https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh  

All policy information contained in this knowledge base article is based upon the referenced HUD policy document. Any lending or insuring decisions should adhere to the specific information contained in that underlying policy document.


Topic Number: KA-04869