Credit Card Center Advertiser Disclosure†
01-11-2013 07:54 AM
01-11-2013 08:00 AM
01-11-2013 08:11 AM
Yes, for what it's worth, our lender said they have never had a USDA guaranteed application rejected. I saw awhile back where someone quoted a local office rep as saying that the applications they reject are the ones which come in incomplete from lenders. Part of their job in approving you is making sure you meet all the guidelines as well as providing all the proper paperwork. If your lender processes a lot of USDA applications, I would treat the next few weeks as the final countdown.
01-11-2013 08:28 AM
Oh, I felt the EXACT same way....and I was fine and in fact, I am closing today!!! You'll be fine.
01-11-2013 09:06 AM
Just verify that your lender has sent the file to USDA. I was told that mine was being sent 12/28. I contacted the USDA office on 12/31 and they hadn't received it. I contacted the LO on 1/4 and again was told that we were waiting on USDA. My attorney called me on 1/9 and said that he and the bank attorney were all cleared and ready to close. I emailed my LO and called the USDA once again and was told that they have only received the initial docs and have not gotten my file to secure funding. I then got an email from my LO and he said USDA is backed up from the holidays and he will contact the processor to get an ETA from USDA....
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† 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.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.