USDA Underwriting Webinar

$249.00

Availability: In stock

USDA Underwriting Webinar

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USDA for Mortgage Professionals
This 4-hour course discusses the fundamentals of originating and underwriting USDA loans including characteristics, eligibility, income types, credit and debt, and properties.

Topics also include: 

  • Benefits of USDA
  • Loan Note Guaranty
  • Loan Purposes (and Prohibited)
  • Occupancy
  • Guarantee Fees
  • GUS
  • Repayment Income and Ability
  • Debt Ratio Waiver
  • Compensating Factors
  • Manual Underwrites
  • Downgrading and “Accept”
  • Debts, Collections, Judgements, Disputed Accounts
  • Credit Concerns
  • Funds, Gifts, Cash On Hand
  • Depository Accounts
  • Credit Reports and Exemptions
  • Appraisal
  • Repair and Escrows
  • Guarantee Loan Process
  • Forms
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