@StartingOver10 wrote:Unreal....wish we could get the USDA to get moving for you. I have never sold a house with USDA financing and with your story I don't think I will ever sell a house with it.
FHA routinely closes in 30 days (big box bank needs 45 days).
VA routinely closes in 30 days.
Conventional closes in less than 30 days.
Who knew that USDA could take over a 100 days to do a 30 day purchase
I hope you close soon and never have to deal with them again.
Thanks, StartingOver! I can't blame you for wanting to shy away, but if you ever do find yourself with a potential USDA loan, please keep in mind that the Guaranteed variety can move much quicker than the Direct varieties. Also, I may find myself dealing with them on a regular basis since they offered me a full-time telework position. My patience will pay off in two ways & I'll get a chance to help other families push through the process a littler faster. In addition, I'm planning to write many representatives in the hopes of initiating a change in how these loans are processed. BIG PLANS!
@wendlan wrote:So sorry you are still in this waiting game. We started the same time with June 15th closing dates! My FHA took 78 days. 102 days,way too much! I almost lost my mind at 78! People always say,"it will be worth it".... It is worth it from the other side but somehow it doesn't help hearing that...You are so close!!! It will happen! You will be complaining about packing and moving any time now, moving sucks alot more than I remember. Still unpacking at the new place...
Thanks, wendlan! We're looking forward to moving, but not lugging everything down 3 flights of stairs & out the door. Half our stuff in is storage now, so it won't be too terrible.
@Anonymous wrote:I know you said you wanted to buy a car as well, so just a heads up...sometimes the gov't works quick. My mortgage hit my reports 17 days (YES 17 days) after I closed.
Wow! That's quick. Unfortunately, we just put a new transmission for our truck on the credit cards, so we can get the house, but will have to wait to get the car. Maybe we can take advantage of some year-end clearance deals!
@StartingOver10 wrote:Unreal....wish we could get the USDA to get moving for you. I have never sold a house with USDA financing and with your story I don't think I will ever sell a house with it.
FHA routinely closes in 30 days (big box bank needs 45 days).
VA routinely closes in 30 days.
Conventional closes in less than 30 days.
Who knew that USDA could take over a 100 days to do a 30 day purchase
I hope you close soon and never have to deal with them again.
Its actually a 60 day contract... mine was put in with a 58 day window, and I could have closed 10 days to 2 weeks early if the seller had been ready. I think a lot of it has to do with the individual office and the RE agent. My agent (despite living and working in a USDA area) had never worked on one. He threw himself into learning the ins and outs and communicated with my loan coordinator regularly. It was actually very encouraging to see. My process got a bit of help along the way (appraiser was in the area, so did mine a few days earlier than scheduled) but it was far more seamless than some of the FHA loans I hae seen friends get recently. Then again I was ahead of the curve on my researchand knew what was coming, so when my coordinator asked for something, it was in her inbox 5 minutes later.
She did say she wanted mine done and out of the way because I did everything when it was needed and she had people not getting her what they needed. I suspect this is not uncommon no matter what loan product is being used (hearing what my friends are complaining of, and knowing them 
) I would certainly not try to go USDA in a serious sellers market, but in any type of a buyers market, thats a different story.
Yay! Congrats!!
Awesome! Last night was my first real night staying in my house after an exhausting month of work, moving and getting the things done that are better done when the house is empty. I had probably crashed here 7 times over the month, sleeping on an air matress in the living room in true hillbilly fashion but yesterday when all my stuff was actually here and I REALLY live here it was a wonderful feeling. My awesome 80 year old neighbor had a little fire and it seemed like the whole neighborhood wandered over at various times. After everybody else went in, I just sat on the deck and watched the moon and stars. And it felt like home.
Heres to you having that same feeling shortly 