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.
Vickey Stratton, Housing Specialist
Housing Assistance Council
Sonya H. Evans, Finance and Loan Analyst Single Family Housing Direct Loan Origination Branch
USDA Rural Development
Registration fee is $750. Payment is required at registration.
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.
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.
Once you submit your registration information you will be forwarded to the Stripe payment page. Your registration is not completed until payment is submitted. Acceptable forms of electronic payment includes American Express, Discover, Master Card and Visa. After completing your payment you will receive an email confirmation from Stripe. Once HAC confirms receipt of your payment you will receive an email confirming your registration and detailing logistics for the course (usually within 1 business day).
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 firstname.lastname@example.org. There are no refunds for no-shows however, HAC does welcome substitute registrants.
View HAC’s General Training Terms and Conditions at https://ruralhome.microsoftcrmportals.com/TrainingWebinarTermsAndConditions/.