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Contributor
2130sunshine
Posts: 128
Registered: ‎03-08-2012

USDA guaranteed

Has anyone recently closed on a USDA guaranteed loan. My file was sent to USDA to review and I am just curious on how long that takes. I'm in Texas.

 

Thanks

Member
shnn18
Posts: 26
Registered: ‎08-09-2012

Re: USDA guaranteed

Hello, we are in Michigan and our file was sent to USDA on Thursday, August 9th. We were told they were currently processing files from July 31st, and to give a day for each day that they are behind. So, we are expecting about 10 days before we hear anything. Then our lender says it goes back to the Underwriter, which could take up to 72 hours and then we will get the clear to close.

 

Contributor
2130sunshine
Posts: 128
Registered: ‎03-08-2012

Re: USDA guaranteed


shnn18 wrote:

Hello, we are in Michigan and our file was sent to USDA on Thursday, August 9th. We were told they were currently processing files from July 31st, and to give a day for each day that they are behind. So, we are expecting about 10 days before we hear anything. Then our lender says it goes back to the Underwriter, which could take up to 72 hours and then we will get the clear to close.

 


Thank you for the information! :smileyhappy:

New Member
marieme
Posts: 3
Registered: ‎08-11-2012

Re: USDA guaranteed

We are in oregon it took about a week for us to hear back
Established Member
tgregory662
Posts: 42
Registered: ‎03-20-2012

Re: USDA guaranteed

Mississippi - 3 weeks. Went through it twice and 3 weeks both times. (Had to add repairs to loan.)

New Contributor
noncontrol
Posts: 75
Registered: ‎02-01-2012

Re: USDA guaranteed

In Ohio waiting anywhere from 20 to 25 days. Suppose to close august 31 but looks more like first or second week of September

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