New Lender Training – Part 1 | Program Highlights, Loan Terms & Eligibility

Welcome to Part 1 of the USDA New Lender Training series for the Single Family Housing Guaranteed Loan Program (SFHGLP). This session provides an overview of program highlights, loan purposes and terms, and applicant eligibility requirements. Whether you’re a new lender or looking for a refresher, this training will help you understand the fundamentals of USDA’s guaranteed loan program and how it supports rural homeownership.USDA is an equal opportunity provider, employer, and lender. What You’ll Learn in Part 1: ✔ USDA Rural Development mission and program benefits ✔ Key differences between Guaranteed and Direct loan programs ✔ Loan purposes, terms, and fees ✔ Applicant eligibility requirements and occupancy rules ✔ Refinance options and lender benefits Next Steps: After completing all five parts of the training, you’ll be ready to take the required knowledge quiz provided by USDA. Chapters: 00:01 – Welcome & Introduction 00:06 – Program Overview 00:10 – Thank You for Your Partnership 00:30 – Training Structure 01:04 – Program Highlights 01:17 – USDA Mission & Goals 01:50 – Guaranteed vs. Direct Loan Programs 03:11 – Homebuyer Benefits 03:53 – Lender Benefits 04:36 – Loan Fees & Terms 06:05 – Interest Rate Rules 06:27 – Loan Purposes 07:11 – Refinance Options 09:55 – Loss Claim Coverage 11:12 – Applicant Eligibility 13:18 – Occupancy Requirements 13:47 – SAM.gov Screening 15:08 – Citizenship & Immigration Status 16:00 – Wrap-Up & Next Steps