USDA Rural Development Underwriting, Processing and Origination Training
The USDA 502 Guaranteed Loan Program provides $0 down payment financing to low-to 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.
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
- and much more
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