I know the U.S. Department of Agriculture – Rural Development office I work with has a long processing waitlist for 502 Direct applications and I’m concerned my packaged loans will stale before loan officers can even get to them. How do I turn in a packaged loan and ensure the documents are still good?
I have a Section 502 loan application that I’m packaging where the applicant has only been at their current job for about three months but they have been in the same field of work for several years, is this considered stable and dependable?
What is the new Statement of Compliance Requirement in Tab 23 of the 523 Grant Application Checklist?
I have several files that I’m trying to submit to USDA RD for determination so that we can turn in . . .
I am working on packaging a 502 loan application that has significant student loan debt but the applicant is on an Income Driven Repayment Plan, how do I handle this in my Total Debt (TD) calculations?