For those of you attending HAC’s Rural Housing Conference this December!
This year, HAC is offering a three-day advanced course covering USDA Rural Development’s Section 502 Direct Loan Program at the December Conference. The course provides invaluable insight as to how this homeownership financing resource can be utilized. Learn how to assist potential borrowers and work in partnership with RD staff, as well as other nonprofit organizations and regional intermediaries to deliver successful Section 502 loan packages. This course is intended for and specifically framed for those experienced in utilizing Section 502 and other affordable mortgage products. Participants will learn regulations and practical applications of the loan program, while developing a strong understanding of 502 direct underwriting and packaging standards. Following the course, participants are encouraged to take the online packaging exam. Plan to arrive on Monday, December 1st as class begins at 8:30am on December 2nd.
Review and be familiar with USDA Handbook HB-1-3550 and remember to bring your laptops.