Comments on: USDA Loans Taking Longer – Review Process

By: Fred Chamberlin

Fred Chamberlin — Thu, 17 May 2012 05:10:37 +0000

Quick answer is probably not. Right now, according to my information, USDA is taking about 30 days to review the file after it is approved by the lender. Unless you are in process and have the lender approval or near to it, I doubt you will get that timeframe met. Good luck and if you need any help, give me a call.

By: Steve Burling

Steve Burling — Thu, 17 May 2012 02:27:18 +0000

I am about to have an Loan for a home submitted for a home in Washington should be in the next couple of day. Do you think the USDA will provcess it by thr 6/25 closing date?

By: Fred Chamberlin

Fred Chamberlin — Wed, 17 Nov 2010 19:20:04 +0000

The USDA loan will almost always save someone money over the FHA loan. However, the difficulty with USDA loans in comparison to FHA has to do with property location. Also, FHA has the 203k available for those properties that need repairs.