USDA Mortgage Loan

[jzsnow]

Alabama usda office says its running a 30 business day schedule! At that rate I'll need a 75 day closing period in the contract!

[Currie30]

Wow!! That's crazy! Tennessee has a 17 business day turn around. Has your loan gone to USDA yet?

[swtneka]

I wonder if anyone know Mississippi turn around

[Sunshine85]

Have you checked the USDA site? I followed the USDA site links to get to my state, and I was able to locate a phone number that gives recorded updates for turn around times. You might be able to find the same info for MS. 

[swtneka]

Im def going to look into that once i start this process

[Buttonlady]

I just closed an USDA loan in MS; my LO emailed me on a Thursday that they were submitting my loan to USDA, I settled in for an indefinite wait, and then received an email the next day with the clear to close. We had to scramble to set up the closing the next Tuesday. Apparently, Mississippi is very efficient in this process at least!

[swtneka]

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@Buttonlady wrote:
I just closed an USDA loan in MS; my LO emailed me on a Thursday that they were submitting my loan to USDA, I settled in for an indefinite wait, and then received an email the next day with the clear to close. We had to scramble to set up the closing the next Tuesday. Apparently, Mississippi is very efficient in this process at least!

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OH WOW this is crazy I am so glad u posted... where in Ms are u? What lender did you u use? did they come back with any crazy conditions?

[aussiesareforever]

I used Mortgage Investors Group here in TN too and had a great experience. My loan officer was fantastic. Hope everything goes well

[Buttonlady]

I am in Warren County and used a mortgage broker, the Mortgage Connection, in Jackson. Had to write a couple of clarification letters for the underwriters, but NOTHING at all once it went to USDA. I was very surprised about how painless the entire process was, I had prepared myself for a nightmare, but it went very smoothly. Certainly can't complain about the goverment in this case!

[swtneka]

Did u use any down payment assistance? I am in forrest county and plan to move to lamar