First time applying through the USDA for this home loan. Nervous and anxious so please be patient with me.
Here is my timeline:
1. Applied in 03/31 through eforms, LO could not access app so paper copy and all documents sent my email on 04/8
2. Sent check for Credit report fee to state office as instructed (state office informe that LO could not access app because their office had already began to parse the entire application and documents and was just waiting on the credit report fee)
3. 04/18 received communication from state office (Program Director) that payment had not been received - Cancelled check I sent through mail and sent a money order which arrived on 4/25 and processed on 04/27 -
4. On 04/29 - 05/01 I received notification that my credit had been checked through myFICO. I am not sure what my mortgages scores are as my report does not update until the 18th of every month, but believe my middle score should be a 640 or higher.
5. On 05/04 received an email response from the state office (Director) that my application was forward to an underwriter earlier that week and that she would be contacting me soon.
I have reached out to my loan specialist through email several times, but have not received a response so I am getting a little antsy and nervous. No other documentation has been requested at this point so I am not sure if I should call just to get an update or do the waiting game. I am just nervous that since I haven't heard anything I'm going to get a denial in the mail which would completely set plans back for me and my family.
I guess I am still in that 30 day window from when credit was pulled, I am just so nervous and anxious I am googling information about usda loans everyday! Just want to know if a denial is quicker than an approval and will they contact you through phone or email or mail depending on an approval or denial status. By the way I had not selected a property online listed the county I wanted to reside in prior to submitting my application so will that slow down the process to? I am located in the state of Virginia in case that helps with any responses.
**Please excuse any typos and any advice, suggestions, tips or status updates would be appreciated.
