I have to admit Im intrigued by this entire process and kinda chuckling to myself. I figured this type of program was something like FHA where they contract to private banks to do them, but this USDA thing is like OLD SCHOOL. Haha The way you guys desribe it, this sounds like one of those FDR's new deal style 30s agencies like the WPA or the NRA where they have a government agent assigned to you and paperwork back and forth etc :-P
USDA Rural *DIRECT* Loan is for lower income families with income limitations, and may also provide subsidies based on need. This loan is handled with a local USDA office.
USDA *GUARANTEED* Loan has higher income limits, and is handled by local banks that participate with USDA loans.
I hope Texas isn't the same way, you have waited a long time to get anything done. By the time you got anywhere was the property still avalible? I
We haven't formally applied for preapproval yet. We have a collection with a CA for Sprint that is over SOL, but we were trying to work on PFD before we app, but I am ready to give up.
I also did AZEO for our credit cards in mid February, went from 60+% utilization to 6%. The payments haven't updated on CRA's yet, was hoping for a slight fico boost. As soon as we see the payments update to CRA, we will formally app.
As a realtor, not in FL but NC, I would rather bang my head against a wall until unconcious than deal with USDA Direct. This won't help any, but the bureaucracy doesn't end after you get your COE. Just wait until you are actually under contract on a house...