Mortgage Loans

[2130sunshine]

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

[shnn18]

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.

[2130sunshine]

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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.

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Thank you for the information! 

[marieme]

We are in oregon it took about a week for us to hear back

[tgregory662]

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

[noncontrol]

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