USDA Training: Rural Development Underwriting, Processing & Origination
The USDA 502 Guaranteed Loan Program, administered by the USDA’s Rural Development Housing Service, provides $0 down payment financing to low-to-moderate income borrowers in eligible rural areas, with eligibility determined by county-specific income limits and household size. Knowledge of the guidelines is fundamental to properly underwriting, processing, and originating 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:
- Borrower Eligibility
- Program Benefits
- Loan Purposes
- Loan Limits
- Rate, Term Costs
- Occupancy
- Guarantee Fees
- Property Flipping
- Income Types & Calculations
- Debts & Credits
- Assets
- Eligible Properties
- Eligible Areas
- New Construction
- Repairs
- Refinances
- Underwriting & Guarantee
- Debt Ratio Waivers
- GUS
- And Much More!
Trainer Information
Diehl utilizes experienced professionals that are experts at the subject matter with deep management and training skills. They have performed the jobs, held senior management positions and served various leadership roles. Diehl is active in the National Mortgage Bankers Association (MBA) and stays connected with the agencies to remain up to date on current and future changes. Lenders clients range from national players both bank and non-bank to community banks and credit unions.
What Makes a Property or Borrower Eligible for USDA Financing?
USDA loans work differently from FHA and VA financing in two key ways: geography and income.
Eligible Areas: USDA loans are only available in designated rural areas, as defined by the USDA. Many suburban and even some exurban areas qualify, so it’s worth checking eligibility rather than assuming a property doesn’t qualify based on location alone.
Income Limits: Because the program is designed for low-to-moderate income borrowers, household income can’t exceed USDA’s published limits for the county and household size in question. These limits are updated periodically and vary significantly by location.
Our training covers how to determine both property and borrower eligibility accurately, so you can confidently identify which of your clients and listings qualify for USDA financing.
Online
USDA Underwriting, Processing and Origination Online is the most flexible way to complete your USDA Training and get updated on the most recent updates and changes in the industry. This option is available 24/7, you can complete it at your own pace, and you will receive your certificate immediately upon completion of the course.
Webinar
USDA Underwriting, Processing and Origination Webinars are available quarterly, and provide an easy way to underwriters to learn about the most recent industry updates from a live instructor with over 35 years of underwriting experience.
Private Webinar & Private On-Site
Looking for a Private USDA Training by an industry expert? Contact us below and learn more about private USDA training options for your company!
Diehl's Training on your LMS
Deploy Diehl’s USDA Training on your Learning Management System. Diehl provides the online course modules and all of the course materials. Throughout the year, Diehl provides updated modules that can quickly be uploaded to ensure that your training is always current and up-to-date.
USDA Underwriting, Processing and Origination FAQs
GUS is USDA’s automated underwriting system, used to evaluate a borrower’s creditworthiness and determine loan eligibility for the USDA 502 Guaranteed Loan Program. Our course covers how to use GUS effectively as part of the underwriting and processing workflow.
USDA loan income limits cap the total household income a borrower can have and still qualify for the program. Limits are set by the USDA for each county and adjusted for household size, since the program is designed specifically for low-to-moderate income borrowers. Because limits vary by location, it’s essential to check the specific county requirements for each loan.
Property eligibility is based on USDA’s designated rural area maps, not simply on how rural a location looks or feels. Many properties in suburban and smaller metro areas still qualify. Our course covers how to properly verify property eligibility rather than relying on assumptions.
USDA loans are administered through the USDA’s Rural Development Housing Service. This is why you’ll sometimes see the program referred to as “Rural Development financing” alongside “USDA loans.”
The USDA Underwriting, Processing and Origination course is available online (self-paced, available 24/7), as a live quarterly webinar, or as private webinar or on-site training for your team. We can also deploy the course directly on your company’s Learning Management System (LMS).