Hosted by RCAC August 28 – 30, 2018 in Sacramento, California – This three-day advanced course will cover USDA Rural Development’s (RD) Section 502 direct loan program and provide invaluable insight as to how this homeownership financing resource can be used in your communities. Learn how your organization can assist potential borrowers and work in partnership with RD staff in your state to deliver successful Section 502 loan packages. Through this course participants will learn the regulations and practical applications of the loan program. Participants will develop a strong understanding of 502 direct underwriting and packaging standards, which will ensure that submitted loan dockets are complete and ready for processing.
Participants who attend this three-day training and pass the online exam will be better equipped to package 502 loan applications on behalf of parties seeking USDA RD assistance. The course is also excellent for Mutual Self-Help Housing grantees who want to build their skills in packaging loans for participating households. Check RCAC’s training calendar the week of June 25 to register!