Forgotten Your Password?

Need to Register?

Question Icon

I have applied for USDA loan in Arkansas my bank says they do not know how long it will take to hear back from USDA. However

the USDA office says they cannot contact me about loan only the lender and that they give the lender all the turnaround times and info when they first get the loan. it has been 2 weeks and I havent heard anything back. does anyone have any info on this stuff? by whitet_716_534 from Melbourne, Arkansas. Apr 15th 2013 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

USDA does not deal directly with the public.. they only deal with the lender... the current turn times nationwide is about 14 business days, or about 3 weeks.. the problem is you really don't know what day the file was actually submitted to USDA... so it could have been with your mortgage guy for a week before it was ever submitted.. bottom line is this.. USDA loans take a LONG time... so be patient.. You could call your loan officer.. it should not be a problem for him to give you a time line... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Apr 15th 2013
1
0
Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions

Although USDA usually runs around two weeks, different areas are going to see longer turn times simply because of volume. You are just going to have to be patient. In this environment, the squeaky wheel does not get greased. USDA will get to it when they get to it. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Certified by the National Association of Mortgage Professionals and Licensed in California and Arizona ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

Apr 15th 2013
1
0
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

I do USDA loans all the time. First the lender has to process and approve the loan. When they are done, it needs to go to the USDA office. On average, it takes about one week at the USDA office. www.MortgagesUnlimited.biz/USDA

Apr 16th 2013
1
0
Carlo Sanchez (MortgageLendingPro)
#0 ranked lender in Utah - 1,163 contributions

Your Loan officer can call and find out what the turn times are.

Apr 15th 2013
0
0
Carlos Figueira (carlosfigueira)
#107 ranked lender in New Jersey - 199 contributions

All lenders have diferenct turn times, ours are 48 hours for approvals on USDA, contact the Loan Officer and if he is not returnning calls speak to his manager.

Apr 15th 2013
0
0
Dave Metsker (DaveMetsker)
#35 ranked lender in Oregon - 2,318 contributions

Have patience. Contact your loan officer.

Apr 15th 2013
0
0
Peter Savino (855411LEND)
#99 ranked lender in New Jersey - 332 contributions

Your loan officer can call - and they will advise the amount of time to review

Apr 15th 2013
0
0
Joe Shamie (Joe Shamie)
#4 ranked lender in New Jersey - 1,412 contributions

Your loan officer should be able to give you that info.

Apr 15th 2013
0
0
James Mazzola (Mazzola)
#109 ranked lender in New Jersey - 314 contributions

Find a lender who as the ability to make their own decision

Apr 16th 2013
0
0
Raymond Denton (Raymond)
#10 ranked lender in Ohio - 224 contributions

Your loan officer should be able to answer that question for you.

Apr 16th 2013
0
0

We are in the middle of a USDA loan that was submitted on the 15th of August It is now the 10 of September and we still dont know anything. From what I see on the web site www.rurdev.usda.gov/MN-SFHG.html they are only up to the 8th of August This hole process started in July. I am about to lose my mind.

Sep 10th 2013
0
0
Subscribe to our news feed.