Our loan is in underwriting for 2nd time. Once it clears that how long should usda take? We are supposed to be closing the 15th of this month and I feel like Ive read usda may take longer. Underwriting for first time took about 4 days and they said 2nd time is faster.
I think he's saying his lenders approval 2nd underwrite, then ETA to USDA time frame. AKA USDAs first review.
Depending on the lender. It would be a waste of time for the lender to not submit to GUS (USDA's automated system) for the initial underwrite because GUS will have conditions of its own. Those turn aorund times are usually 24 hours once the underwriter has seen the file and 48-72 hours for GUS and USDA to process everything for the initial underwrite. If the file gets submitted to underwriting in the morning time, underwriting will take a final look submit to GUS for the last time for USDA to give us the clear to close.