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USDA random audit

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Chelli02
Established Member

USDA random audit

So we are a week from closing and our loan was sent to USDA for final approval on 7/9. I was patiently waiting for our approval and then yesterday we are told that our file was selected for a random audit and our lo couldnt even give us a time frame and said our closing could be delayed ...has anyone been through this before? We had ordered stuff for the new house to be delivered and had set up all our help for the move. It makes me so frustrated. Especially since this is new construction and it has been 5 months since we went under contract!
Message 1 of 5
4 REPLIES 4
DallasLoanGuy
Super Contributor

Re: USDA random audit

call usda if the lo is worthless

 

Retired Lender
Message 2 of 5
Anonymous
Not applicable

Re: USDA random audit

Message 3 of 5
Anonymous
Not applicable

Re: USDA random audit

Can you tell me how long it actually took to complete your audit?  I was just told today that mine was "randomly" selected to be audited!

Message 4 of 5
Anonymous
Not applicable

Re: USDA random audit

It was painless and only took about 2-3 days. I still had my approval on the anticipated date.

Message 5 of 5
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