Home Buying in Athol>Question Details

Jcaj22, Home Buyer in Newport, WA

We were approved for a USDA guaranteed loan approx 8 wks ago. We have been in the battle of our lives trying

Asked by Jcaj22, Newport, WA Fri Aug 7, 2009

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?

Help the community by answering this question:


With USDA and VA loans you really need to pick out a home that qualifies for the program. Sounds like you are out on acreage if you have a private well. These programs are really more suitable for homes in town on a smaller lot. As to well you can go to the department of water resources site for State of Idaho and look up the well log that should have been recorded with them when the well was drilled. They need to insure the water well is to specifications and has sufficient volume to close your loan. This should have been reviewed when you did your home inspections in a normal transaction. The well log will be under the owners name or by legal description. Good luck with your transaction.
0 votes Thank Flag Link Sun Dec 30, 2012
USDA can take a long time and be an arduious procedure.

If you're not sure the lender is being up front with you, ask to speak directly to the underwriter, and they can give you a better explanation.

In our current state of affairs with banks/lenders and even gov't loans, things do take longer, and patience is a virtue!

When it's all said and done, you'll have a beautiful home to enjoy for years to come!

Good Luck & hang in there!!
0 votes Thank Flag Link Sat Jan 16, 2010
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!
0 votes Thank Flag Link Tue Aug 11, 2009
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