Section 502 Packaging Training
for Nonprofit Housing Developers

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Monday, September 24, 2018 - Wednesday, September 26, 2018

Description of Training

This three-day advanced course covers USDA Rural Development’s Section 502 Direct Loan Program and 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/or other affordable housing 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 certification exam.

Following the course, participants are encouraged to take the online certification exam.

The registration fee for this event is $750.

Full attendance across all days of the training is compulsory to receive certification after successful completion of the assessment. As a critical part of learning and preparation for the assessment, each participant is responsible for full and punctual attendance. Exceptions. Participants must inform presenters if they will be absent for any length of the training; exemptions to the attendance policy will be considered for health-related illnesses, unforeseen travel delays or other as deemed permissible by HAC on a case-by-case basis.

Target Audience

This training is specifically intended for those with an interest in becoming certified to package 502 loans.

Prior Knowledge

Participants for this course should have some level of experience and/or knowledge of Section 502 or originating subsidized mortgages.

Learning Objectives

Participants will obtain a more in-depth understanding of regulations and receive additional practical guidance on the utilization of the Section 502 loan program. Additional reinforcement will be provided on 502 direct underwriting and packaging standards which are key to the successful submission of complete and approvable loan packets.

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