Financing in 23185>Question Details

a_little_kra…, Home Buyer in Williamsburg, VA

Is there a way to find out how long the USDA processing time currently is or what day they are currently working on in Virginia?

Asked by a_little_krazy, Williamsburg, VA Tue Nov 6, 2012

0 votes Share Flag Financing in 23185

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1-804-287-1598 is USDA hotline to check and see what day they are on. They often fly past days and sometimes they have allot of files submitted on one day. So it may seem like they are aways out but could process yours faster than you expect it.
0 votes Thank Flag Link Wed Jan 9, 2013
1-804-287-1598 is a great resourse to have! Its the USDA hotline that lets us know what day they are processing files!

Hope this helps. Currently I have a file that is about 45 days out due to the Holidays!
0 votes Thank Flag Link Wed Jan 9, 2013
The most recent update indicated that USDA was running 45 days from the date of submission by the lender for initial review by USDA. Please keep in mind, that your lender may take up to 30 days before submitting your request to USDA. USDA currently has 5 underwriters covering the entire state of Virginia. It is definitely a troublespot for anyone trying to use this program. Please don't get me wrong, USDA is a wonderful loan program, it just takes time to get through their system.
0 votes Thank Flag Link Tue Nov 6, 2012
Depending on the lender involved USDA may add 2-4 weeks to the process. Typically two weeks is enough time if the lender has their duck in a row. But you have to start with knowing the property is definitely within their area map which is easy to access online.
0 votes Thank Flag Link Tue Nov 6, 2012
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