Tarheelchik, Home Buyer in Charlotte, NC

USDA guaranteed home loan though BB&T

Asked by Tarheelchik, Charlotte, NC Sat Jan 12, 2013

Has anyone used BB&T for a home loan? How long did it take for approval after the file was submitted to the underwriter?

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Answers

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This is a great question for you to ask of your loan oficer at BB&T.

Most lenders require your loan to be fully approved--credit, income, collateral prior to being sent to the USDA for their reservation of funds and Conditional Commitment.

Once your file is sent to the USDA, it may take 14-16 business days for approval as this is their current turn time. They are extremely busy at this time of year which is uncharacteristic but demonstrates the increased popularity of the RD loan program.
0 votes Thank Flag Link Mon Jan 14, 2013
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