Rita if your loan was chosen for the internal audit it can take a while. USDA usually reveiws each loan and let's their computer underwriting system go thrugh the file,but every so often files are pulled to have a manual underwrite which will elongate the process.
Ask your morggae company if their file is under a manual reveiw by USDA to see if this is the case.... more
This is where it is important to have a good agent that you have been looking at homes together for a while, and building a relationship of trust. There are many issues to consider when making an offer, and by working with the same agent, you have gotten to know what you are looking for, you have gotten to know what are good prices, and your agent has gotten to know what you can afford and your limits. Your agent should be researching properties you like to see if there have been other offers, how long it's been on the market, what type of sale it is, whether the seller's are motivated.... Then your agent needs to do some comps to see what similar homes have actually sold for. If there are no other offers and the home has been on the market for a long time, then you can discuss a low ball offer with your agent and see what your agent thinks will be justifiable by comps, and then go for it! Good Luck!... more