We were approved for a USDA guaranteed loan approx 8 wks ago. We have been in the battle of our lives trying
to get a house to close.
There have been so many issues with the loan specialist, we seriously doubt he is even being honest with us anymore. Our realtor who is very experienced with USDA loans is at her wits end. We have 4 extensions on the loan, and our loan guy always tells us no problem it will go thru. Today, we were supposed to sign docs, he called our realtor and told her USDA will not sign off on the loan because he needs a report on the well from the people that originally put in the well. Is this a normal procedure? We have the well inspection, and water quality already. We question the loan guy, because he has told us 3 different times the loan was at USDA, and now they have had it for almost a week, and it is almost unheard of that it would take this long. Any ideas?
You should probably regroup with another loan officer. I would maybe try to contact you local USDA office and take control of your process. Check you their web site and contact a live person and explain your situation. USDA can probably refer another lender who is experienced with their programs and get you back on track. Your home purchase process should be a positive, exciting experience. Good luck!
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