Description
This three-day advanced course will cover USDA Rural Development’s Section 502 direct loan program and provide invaluable insight as to how this homeownership financing resource can be utilized 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 the 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 accessible for processing.
A laptop is required for the class.
Following the course, participants are encouraged to take the online certification exam.
Trainers
Vickey Stratton, Housing Specialist
Housing Assistance Council
Lane Kirsteatter, Finance and Loan Analyst
USDA Rural Development
Art Marrujo, Housing Specialist
Housing Assistance Council
Registration Fee
Registration fee is $750. Payment is required at registration.
Eligible Attendees
This course is intended for and specifically framed for those experienced in utilizing Section 502 and/or other affordable housing mortgage products. Prior to registering for the training, please review this decision tree to be sure that you have the required experience and tools to get the most out of this training.
This training is limited to 30 participants. If you can’t attend this training, please visit USDA502DirectTraining.org for additional offerings.
Attendance Policy
Full attendance and participation are required by USDA to receive a Certificate of Completion which is one of the requirements for becoming a USDA Rural Development 502 Direct Certified Loan Packager. The training agency will verify this requirement by monitoring daily attendance and participation. Any unexcused absence (30 minutes cumulative) throughout the course and/or lack of participation will disqualify the participant from receiving a Certificate of Completion and disqualify the Online Exam results, as this is only for those who have completed the course. The training agency is not responsible for notifying participants of their disqualification due to absences and lack of participation until after the completion of the course.
HAC COVID Policy
Please review HAC’s COVID Policy for in-person events prior to registering.
Cancellation Refund Policy
There is a $75 cancellation fee. HAC will refund registration fees, less the cancellation fee for attendees who cancel their registrations two weeks before the training or earlier. Refunds must be requested by email to registration@ruralhome.org. There are no refunds for no-shows however, HAC does welcome substitute registrants.
Contact HAC
registration@ruralhome.org
(202) 842-8600
