USDA 502 Application Documents
Questions regarding to 502 home loans, contact
LACDC
(Lake Area Community Development Corporation)
985 E. Hwy 54
P.O.Box 3553
Camdenton, MO 65020
573-346-5692
Form Description
1- Initial 502 Direct Loan Application Documents Application letter, Checklist of capabilities, and disclosures Consent
2-Attachment 3-J-Checklist of items Checklist of items to accompany the uniform residential loan application
3-LACDC-Stacking Order Checklist Loan Application package stacking order for submission to LACDC
4- Credit History Worksheet RD1944-61 Credit History Worksheet
5- Attachment 4 A USDA Income Calculator All adult household members' income summary, expenses/deductions, assets
6- RD 3550-1- Authorization to Release Information Past & present employment or income records, bank account, stock holdings and any other asset balances. Past and present landlord references. Other Consumer Credit Reports and verify other Credit References.
7- Request for Verification of Employment RD1910-5 Request and verify all adult household members present and previous employment
8- Employment and Asset Verify all financial information provided by applicants for housing assistance
9- Verification of Unemployment Benefits (if applicable) Verify all financial information provided by applicants for housing assistance
10- Verification of Social Security Benefits (If applicable) Verify all financial information provided by applicants for housing assistance
11- Verification of Pensions and Annuities (if applicable) Verify all financial information provided by applicants for housing assistance
12- Verification of Business Expense (if applicable)` Verify all financial information provided by applicants for housing assistance
13- Verification of Medical Expenses (if applicable) Verify all financial information provided by applicants for housing assistance
14- Verification of Child/Dependent Care (if applicable) Verify all financial information provided by applicants for housing assistance
15- Verification of Public Assistance (if applicable) Verify all financial information provided by applicants for housing assistance
16-RD 1944-60 Landlord Verification Landlord verification (24 months history)
17- Record of Oral Verification (if applicable) Landlord verbal verification
18-RD 410-4 Uniform Residential Loan Application (URLA) RD 410-4 Uniform Residential Loan Application
19- Waiver of Provisions Privacy Act Wavier of Provision Privacy Act
20- Application-Submittal-Cover-Letter Must be submitted with all 502 Direct Loan Documents
21- HUD Home Inspection Forms HUD Inspection Forms