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USDA Guaranteed approval process?

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Anonymous
Not applicable

Re: USDA Guaranteed approval process?

Update:

I emailed my mortgage banker this morning with a few questions and one question I asked was about my charge-offs and if he thought there would be any conditions around them. His response was:

"I have already ran a USDA approval and it didn’t say anything about your charge off accounts. So no worries there at all..."

So, I guess I'm a little baffled by this. We haven't submitted an offer on a house yet (looking at 3 more tomorrow: we have had 2 we have liked fall thru in the last 2 weeks. Is there some database or program that he runs my info thru at the beginning of this process?

Message 11 of 12
Anonymous
Not applicable

Re: USDA Guaranteed approval process?

Yes, there is. There is an automative underwritting and a live person under writer. Look slike he ran it through the computer. Good to hear!

Message 12 of 12
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