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Aimed to close april 30th... its july 7th..

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New Member

Re: Aimed to close april 30th... its july 7th..

It's a direct USDA loan. Just spoke with LO. She just sent off my rescore today with my new discover balance so we should hear something in the next day or 2. After that the sellers have to agree to accept it. Personally.... wait 2 weeks and get +$150k? I'd take it 😂😂😂😂
Message 11 of 15
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Established Contributor

Re: Aimed to close april 30th... its july 7th..

So did you get a COE ? What state are you in ? You do know that USDA will tell YOU when the closing is. You can hope for two weeks but they run by their own clock.

BK7 Discharge 1/16
10/15 ~ EQ: 406; TU: 520
10/18 ~ EX: 666; TU: 646; EQ: 652
Message 12 of 15
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Senior Contributor

Re: Aimed to close april 30th... its july 7th..


@stinastina wrote:

So did you get a COE ? What state are you in ? You do know that USDA will tell YOU when the closing is. You can hope for two weeks but they run by their own clock.


Most of my sellers won't accept USDA because they to slow  60 to 90 days is the norm here

Message 13 of 15
Established Contributor

Re: Aimed to close april 30th... its july 7th..


@Backwoods wrote:

@stinastina wrote:

So did you get a COE ? What state are you in ? You do know that USDA will tell YOU when the closing is. You can hope for two weeks but they run by their own clock.


Most of my sellers won't accept USDA because they to slow  60 to 90 days is the norm here


Yep and I drove my real estate professionals crazy looking at homes with no COE. It took me almost 3 months to get one after they got my application and my lowest score was 686. I'm about to close and took almost 60 days from the contract.

BK7 Discharge 1/16
10/15 ~ EQ: 406; TU: 520
10/18 ~ EX: 666; TU: 646; EQ: 652
Message 14 of 15
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Senior Contributor

Re: Aimed to close april 30th... its july 7th..

My favorite deals currently FHA 203B with escrow repair 3.5% down  and the HUD $100 down deal. ( this requires you pay the closing costs) but its only valid in select markets for Hudhomestore homes.  

 

VA & USDA loans are slow and very picky. Last year USDA rejected one of DW listings a fully rehabbed house in perfect condition.

She only had 25 offers so it no problem. 

 

Message 15 of 15
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