USDA The Waiting Begins

[Anonymous]

I received my full application to apply in the mail on Friday.  It is ready to go and I am mailing tomorrow, I swear it must weight 2-3 lbs with everything they requested.  I am so excited but nervous at the same time.  I hope it does not take forever . I included everything they could possible want and then some,double and triple checked and it's done.

What's the  next step in the process?  Will I get a pre-approval letter or something saying how much I qualify for? I'm in South Alabama and was told the other day that there was still funding available for the Direct loans which I'm applying for. 

Wish me luck

[Sbrooks1]

Good luck ! Keep us posted

[Anonymous]

Good luck!

[Anonymous]

Loan package arrived today at  the USDA  field office. I got a call saying they needed a page that was left out. They faxed me, I faxed back. I'm glad someone is actually looking at it and it was not just sitting on someone's desk at the bottom of a pile. The loan processor said they would start workong on my file tomorrow and that hopefully I would have an answer within 30 days.  I'm keeping my fingers crossed.

[Anonymous]

My credit reports were pulled today so it seems like we are moving along.  I ordered a new 3B report today to see where I stood. My new mortgage scores are Experian 681, Equifax 643 and Trans Union 664.  Do you think I will get approved?  My income to debt ratio is good now that have paid down my credit cards.  I knew the scores woud change and I am delighted that they went up somuch. In July the lowest one was 595 and the highest was around 622. 

Is there automatic approval with the USDA with a computer saying yes or no or does everything go to a live person for review?  Does my Equifax score become my middle score? .

[Anonymous]

Sorry for the typos I forgot to proof before hitting send.

[Sbrooks1]

TU is now your middle!