Introduction to USDA’s No Down-payment Loans

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Description

Summary

Through the Section 502 Single Family Housing Guaranteed loan program, USDA assists lenders in providing no down-payment loans to low- and moderate-income household to purchase adequate, modest, decent, safe and sanitary dwellings as their primary residence in eligible rural areas.

Join MBA and industry experts for a detailed discussion into the USDA's No-Down Payment Loan program.

Time

2:00-3:00 PM ET

Objectives

  • Applicant Eligibility (different types of income, credit evaluation, repayment ability)
  • Rural Areas
  • Property Types / Condition
  • Escrow for Repairs / Single-Close Construction Loan

Who Should Attend?

  • Loan Originators
  • Loan Processors
  • Underwriters

Speaker(s)

  • Ed Peace, Finance & Loan Analyst, Single Family Housing Guaranteed Loan Programs Rural Development, U.S. Department of Agriculture