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Sherikaljones, Home Buyer in Rockville, MD

Loan was submitted last week to usda for approval will I close in November as schedule

Asked by Sherikaljones, Rockville, MD Sun Oct 28, 2012

Loan was submitted last week to usda for approval will I close in November as schedule closing is set for November 9 what's turn around time

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2
It does take USDA loans an average of 45 days from start to finish from our office. Our local USDA office is on a 30 day turnaround time right now.
0 votes Thank Flag Link Fri Nov 16, 2012
Whoa, good luck! USDA Loans can take 60 days or even longer to be approved. Make sure your lender is VERY pro-active and follows up every day. You may also consider extending the closing time to be safe.

We just closed one that took 40 days to get done, even with daily "supervision".

Best regards,

Doc Stephens, REALTOR
0 votes Thank Flag Link Sun Oct 28, 2012
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