Reply
New Visitor
Posts: 1
Registered: ‎12-05-2012
0

Re: USDA loan in Florida

Hello,

Just wanted to say that I am also waiting on USDA to approve my loan.  Mine was sent in Nov. 27th and I was told it would take at least 30 - 35 days.  The confirmation they gave my loan officer when she sent it in was that they were working on loans from Oct.8th - Oct.15th.  As I was reading on here, I came across the hotline number and that someone said they had brought in more help.  So, I decided to call just to see what the week they were on and I was floored!!!  They are working on files that came in from Oct.16th - Nov.6th!!!!!!!  That's 3 weeks worth of files, when usually they just work on 1 week!!  I'm so excited and hope they actually can speed things up. I signed the contract on my home in October and was supposed to close Nov.29th, but they had to file an extension.... It's crazy how backed up they are considering a year ago it only took around 3 business days.  Good Luck to everyone, hope this helped some.  The hotline for FL is 352-338-3421.

Highlighted
Established Member
Posts: 17
Registered: ‎10-12-2012
0

Re: USDA loan in Florida

@Tay0509 and berrios (if I'm not mistaken) Since you guys have been dealing with USDA you might be able to help in my decision to buy a house with USDA instead of FHA. I picked USDA because I know there's no down payment required, however the credit score should be 640 and up (correct me if I'm wrong). I make about 45K a year, since I'm paying rent (apartment) for $789 so I figured If I can get a loan where I'll be paying between 1250 and 1450, it'll be a happy day for me. 

 

What do you think about my options? I'm not in a rush, I'd love my credit score to reach 700 by April 2013, I have 630 right now. Any help would be appreciated. 

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.