Is it mandatory for loans to be submitted through GUS according to USDA?

Loans submitted to USDA can indeed be processed through GUS (Guaranteed Underwriting System), but it is not mandatory. It is preferred for lenders to use GUS as it streamlines the application and underwriting processes while ensuring adherence to USDA guidelines. Utilizing GUS can enhance efficiency by allowing for quicker approvals and facilitating the assessment of borrower eligibility.

However, lenders have the option to use other methods for processing loans if they choose not to utilize GUS, hence it being described as optional. This flexibility allows lenders to accommodate different circumstances or personal preferences in their processes.

The other options misrepresent the nature of GUS in relation to all loan submissions. While it's true that some loans must follow specific regulations, GUS itself is not limited to only certain types of loans, nor is it strictly for property eligibility assessment, as it also evaluates borrower eligibility and loan details.