502 Direct Packaging Program

RCAC is an approved USDA 502 Direct Intermediary working with a network of Qualified Employers and Certified Packagers. If you are interested in becoming a certified packager, you can find more information on USDA’s Loan Application Packager webpage – Direct Loan Application Packagers | Rural Development (usda.gov). If your organization is interested in becoming an approved Qualified Employer working under RCAC’s Intermediary review process, please email RCAC502package@rcac.org.

USDA 502 Direct Loan application packaging training

This five-day online, interactive presentation is an advanced course that covers RD’s Section 502 direct loan program and provides invaluable insight into 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, designed for those experienced in using Section 502, 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.

This course and the online exam are two of the criteria required to becoming a 502 Direct Certified Loan Packager. Additional information on the USDA 502 Direct Certified Loan Packaging Process can be found here. This course isn’t limited to those wanting to become Certified Packagers as it provides a great foundation to the USDA 502 Direct Program for lenders, realtors and individuals. However, Certified Packagers must be employed (employee or independent contractor) by a qualified employer. Qualified employers are affordable housing nonprofit organization, public agency, tribal housing authority, or State Housing Finance Agency that meets the requirements of § 3550.75 (b)(2). Qualified Employers also need to be involved in the 502 direct program certified loan application packaging process. For information on the 502 Direct Certified Packaging Process and associated packaging fees, download this document. But most importantly participants who attend this five-day training and pass the on-line 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. For information on upcoming course offerings can be found here.

Are you interested in owning a home?

RCAC does not provide homeownership directly, RCAC is an intermediary and quality assurance reviewer of packaged loan applications for USDA’s Section 502 Single Family Housing Direct Loan Program. USDA 502 Direct provides mortgage loans to low- and very low-income rural residents seeking homeownership, but traditional mortgage financing is out of reach. The U.S. Department of Agriculture Rural Development (USDA RD) Single Family Direct Loan Program (502 direct loans) is an affordable alternative that provides subsidized mortgage loans for modest homes in rural areas. The applicants are generally first-time homebuyers. To determine if a 502 Direct loan is a good fit, you can take a quick eligibility assessment for yourself and the area you want to purchase a home online at:  https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=assessmentType.

RCAC does not package loan applications directly, however we do work with a network of certified packagers.  If after taking the eligibility assessment you are interested in working with a packager that can provide individual assistance for you, please email RCAC502package@rcac.org. Please note that there is a packaging fee when working with a certified packager.

Potential mortgage applicants

If you are interested in applying for a 502 Direct loan, please contact a qualified employer in your state.

Qualified Employers

Kodiak Island Housing Authority
3137 Mill Bay Road
Kodiak, AK 99615
Phone: (907) 486-8111
Counties served: All Burough/Census except Anchorage and Fairbanks

Campesinos Sin Fronteras
663 E Main Street Ste A
Somerton AZ 85350
Phone: (928) 627-5995
County served: Yuma

Comite de Bien Estar, Inc.
706 N Main St.
San Luis, AZ 85349
Phone: (928) 627-8559
County served: Yuma

Global-Miami Habitat for Humanity
220 E Cedar St. Globe, AZ 85501
Globe, AZ 85501
Phone: (928) 701-1414
Counties served: Gila, Graham, Apache, Cochise

Pueblo Housing & Community Development
7798 W County 16th Street
Somerton, AZ 85350
Phone: (928) 920-4234
County served: Yuma

Verde Valley Habitat for Humanity
737 South Main Street
Cottonwood, AZ 86326
Phone: (928) 649-6788
County served: Yavapai

Community Housing Improvement Program
1001 Willow Street
Chico, CA 95928
Phone: (530) 891-6931
Counties served: Butte, Colusa Glenn, Shasta, Sutter, Tehama, Yuba

Habitat for Humanity of Butte County
220 Meyer Street
Chico, CA 95928
Phone: (530) 895-1271
County served: Butte

Habitat for Humanity Calaveras
536 N Main St.
P.O. Box 1469
Angels Camp, CA 95222
Phone: (209) 890-3848
County served: Calaveras

Imperial Regional Alliance, Inc.
2415 Imperial Business Park Dr., Ste A
Imperial, CA 92251
Phone: (760) 353-8332
Counties served: Imperial, Riverside, San Diego

NeighborWorks HomeOwnership Center
Sacramento Region (NeighborWorks Sacramento)
2411 Alhambra Blvd., Ste. 200
Sacramento, CA 95817
Phone: (916) 452-5356

People’s Self-Help Housing Corporation
1060 Kendall Rd.
San Luis Obispo, CA 93401
Phone: (805) 540-2466
Counties served: Santa, Barbara, San Luis Obispo, Monterey, Ventura

Self-Help Enterprises
8445 W. Elowin Court
Visalia, CA 93291
(559) 651-1000
County served: Tulare

Blue Spruce Habitat for Humanity
1520 Evergreen Pkwy
Evergreen, CO 80439
Phone: (303) 674-1127
Counties served: Jefferson, Clear Creek, Park

Community Resources and Housing Development Corporation
7305 Lowell Blvd., Ste. 200
Westminster, CO 80030
Phone: (303) 428-1448
Counties served: Alamosa, Rio Grande, Costilla, Conejos, Saguache, Mineral

Habitat for Humanity of Archuleta County
703 San Juan Street, Ste. 201
Pagosa Springs, CO 81147
Phone: (970) 264-6960
Counties served: LaPlata, San Juan, Archuleta, Montezuma

Habitat for Humanity of Grand County
51 E Agate Avenue
Granby, CO 80446
Phone: (970) 887-9138
County served: Grand

Habitat for Humanity of Roaring Fork Valley
53 Calaway Court
Glenwood Springs, CO 81601
(970) 945-9138
County served: Garfield

Habitat for Humanity of St. Vrain Valley
303 Atwood St.
Longmont, CO 80502
Phone: (303) 682-2485
County served: Weld, Boulder, Laramie

Northeast Colorado Housing Inc.
801 S West Street #25
Fort Morgan, CO 80701
Phone: (970) 542-1221
Counties served: Logan, Morgan, Phillips, Sedgwick, Yuma, Washington

Total Concept
34385 Hwy 167
Fowler, CO 81039
Phone: (719) 263-5168
Counties served: Otero, Brent, Crowley, Huerfano, Prowers, Las Animas

Upper Arkansas Area Council of Governments
3224-A Independence Road
Cañon City, CO 81212
Phone: (719) 275-8350
Counties served: Chaffee, Custer, Huerfano, Lake, Park, Teller

Self-Help Enterprises
P. O. Box 153155
Santa Rita, Guam 96915
(559) 651-1000
Serving: Guam

Habitat for Humanity Hawai’i Island
73-4161 Ulu Wini Place Bay 1
Kailua-Kona, HI 96740
Phone: (808) 331-8010
Serving: Hawaii

Hawaii Community Lending Inc.
1315 Kalanianaole Avenue
Hilo, HI 96720
Phone: (808) 587-7886
Serving: Hawaii, Honolulu, Maui, Kauai

Honolulu Habitat of Humanity
680 Iwilei Road Ste. #410
Honolulu, HI 96817
Phone: (808) 538-7070
Serving: Honolulu

Kauai Habitat for Humanity
P.O. Box 28 ‘Ele‘ele, Kaua‘i, Hawai‘i 96705
1-3410 Kaumualii Hwy, Hanapepe, HI 96716
Phone: (808) 335-0296
Serving: Kauai

Bonner Community Housing Agency, Inc.
102 S 2nd Ave.
Sandpoint, ID 83864
Phone: (208) 263-5720
Counties served: Bonner, Boundary

Housing People
410 NE 3rd Street, Suite 4
McMinnville, OR 97128
Phone: (503) 864-5981
Counties served: Ada, Canyon, Boise, Owyhee

National Affordable Housing Network
66 W Park St, Ste 211
Butte, MT 59703
Phone: (406) 782-8579
Serving all counties in MT

Community Home Builders
2195 NE 27th Street
McMinnville, OR 97128
Phone: (503) 434-5265
County served: Yamhill

Housing People
410 NE 3rd Street, Suite 4
McMinnville, OR 97128
Phone: (503) 864-5981
Counties served: Yamhill, Washington, Polk, Clackamas

West Tuality Habitat for Humanity
3731 Pacific Avenue
Forest Grove, OR 97116
Phone: (503) 359-8459
County served: Washington

Mountainlands Community Housing Trust
1960 Sidewinder Drive, #107
Park City, UT 84060
Phone: (435) 647-9719
County served: Summit

Uintah Basin Association of Government
330 East 100 South
Roosevelt, UT 84066
Phone: (435) 722-4518
County served: Duchesne, Uintah, Daggett

American Financial Solutions
600 University Street, Suite 2409
Seattle, WA 98101
Phone: (888) 282-5492
Serving all counties in WA

Catholic Charities Housing Servicing (formerly Diocese of Yakima)
5301 Tieton Drive
Yakima, WA 98908-3478
Phone: (509) 853-2800
County served: Yakima

Housing Resources Bainbridge
730 Ericksen Ave. NE, Ste. 100
Bainbridge Island, WA 98110
Phone: (206) 842-1909
County served: Kitsap

Housing People
410 NE 3rd Street, Suite 4
McMinnville, OR 97128
Phone: (503) 864-5981
Serving all counties in WA

Methow Housing Trust
31 West Chewuch Rd. Winthrop, WA 98862
Winthrop, WA 98862
Phone: (509) 996-5943
County served: Okanogan

NeighborWorks of Grays Harbor County
710 E Market Street
Aberdeen, WA 98520
Phone: (360) 533-7828
County served: Grays Harbor

People First Financial Solutions
17615 SE 272nd Street Ste. 110
Covington WA 98042
Phone: (206) 551-6065

Whatcom Skagit Housing
1350 Slater Road, Ste. 10
Ferndale, WA 98248
Phone: (360) 398-0223
Counties served: Whatcom, Skagit

Wyoming Homebuyer Assistance
12930 US Highway 191
Pinedale, WY 82941
Phone: (307) 669-7124