502 Direct Loan Packaging

502 Direct Loan Packaging Program

Low- and very low-income rural residents need opportunities for home ownership, but traditional mortgage financing is too often out of reach.  The U.S. Department of Agriculture Rural Development (USDA RD) Single Family Direct Loan Program (502 direct loans) is an affordable alternative that provides subsidized mortgage loans for modest homes in rural areas.  The applicants are generally first-time homebuyers.

LDCAA is an intermediary and quality assurance reviewer of packaged loan application for USDA RD’s Section 502 Single Family Housing Direct Loan Program.

LDCAA provides training to qualified employers and certified packagers to ensure they are qualified to process loan applications.  LDCAA also reviews completed loan applications for accuracy and completeness before sending them to USDA RD for approval.

Getting Started

Little Dixie Community Action Agency, Inc. is a participating intermediary in the USDA 502 Packaging Program. This page is a portal for resources intended for certified packagers, potential packagers and qualified employers participating in the program.  Please follow the links to learn how to get started, access training and support documents, or to get updates on the 502 Packaging Program.
Start Here to Become a Packager
Steps to Packaging
LDCAA 502 State Coverage Map
Section 502 Loan Program

Contact Info

Hugo Home Ownership Center
500 E. Rosewood
Hugo, OK  74743
(580) 326-5434
Sheila Pierce, Housing Director
spierce@ldcaa.org

Certified Packagers

  • AR – Universal Housing Development Corporation
  • AR – Community Resources Technicians, Inc.
  • KS – Urban League of Kansas
  • NE – High Plains Community Development
  • OK – NHS of OKC
  • OK – Little Dixie Community Action Agency, Inc.