Description

The USDA 502 Guaranteed Loan Program provides $0 down payment financing to low-and moderate-income borrowers in eligible rural areas. Knowledge of the guidelines is fundamental to properly underwrite, process and originate USDA loans. Our 4-hour USDA training is designed to give you or your team the knowledge to produce high quality USDA loans. 

This program helps to make homeownership a reality. Providing affordable homeownership opportunities promotes prosperity, which in turn creates thriving communities and improves the quality of life in rural areas. 

Topics discussed: 

• Program Benefits
• Borrower Eligibility
• Loan Purposes
• Loan Limits
• Rate, Terms and Costs
• Occupancy Guarantee Fees
• Property Flipping
• Income Types and Calculations
• Debts and Credit
• Debt Ratio Waivers
• Assets
• Eligible Properties
• Eligible Areas
• New Construction
• Repairs
• Refinances
• Underwriting and Guarantee
• GUS (USDA's automated Guaranteed Underwriting System)
• and much more

REGISTER HERE

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