This is an interactive advanced course presented by RCAC that covers Rural Development’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 Rural Development 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 resulting in submitted loan packages that are complete and ready for processing.

This course and the on-line exam are two of the criteria required to become a 502 Direct Certified Loan Packager. For more information on the 502 Direct certified packaging process and associated packaging fees, go to https://www.rd.usda.gov/sites/default/files/RD-SFH-BecomingAPackager.pdf, with additional resources at https://www.rd.usda.gov/programs-services/services/direct-loan-application-packagers. 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 Rural Development assistance. The course is also excellent for Mutual Self-Help Housing grantees who want to build their skills in packaging loans for participating households.

Monday, May 17, 2021 through Friday May 21, 2021 from 11:00 AM to 3:00 PM Pacific Time.  Details and registration