Announcement SEL-2026-09: Selling Guide Updates

In October, the Selling Guide updates include increasing operational flexibility by removing specific verbal verification of employment methods and improving clarity by addressing requirements when borrowers use Schedule K-1 < 25% income to qualify; updating requirements for Income Continuance and providing clarity on current loan delivery practices for Employment Offers or Contracts; expanding eligibility and clarifying requirements for Attorney Opinion Letters and Right of First Refusal; and introducing a more secure, self-service application replacing the manual PDF-based Form 482 submissions process and eliminating the requirements for Form 360.