How long did it take you to close on your USDA Mortgage Loan?

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I am getting a USDA mortgage loan…. it is taking FOREVER to close. Have any of you all been through the process? The underwriting is in its 6th week. I assume once the underwritting has been done, it will just be appriasal and setting us escrow because the attorney is pretty much ready to close once they receive the paperwork and I have insurance already set up. I do not understand why it is taking soo long!!! Survey is already done as well.
Is there any chance once it goes to USDA that it will not get approved?

  1. Reply
    May 4, 2011 at 12:55 am

    once the loan is underwritten by the lender it must go to the USDA for their approval as well. Many many people applied for these purchase loans when they thought the tax credit was going away the end of November. In my state the USDA is now working on November 5th loans to review. It is the process and it takes time to get done when there may be hundreds of loans in their stack to be reviewed

  2. Reply
    Beverly S
    May 4, 2011 at 1:25 am

    Hummm the appraisal has to be done before it is finished in underwriting. I closed one yesterday for a client that took 2 months. We first have to process (meaning get income, credit, appraisal, title, insurance etc). Then it goes into lender underwriting. Once that is done it goes to RD (USDA) for final approval. In Tennessee RD is currently 30 days behind. Every state is different but 30 days is about the worse I’ve seen it. Usually it had run between 2-3 weeks. There are lots of loans going on because the rates are so good right now. I would check with your loan officer on the appraisal… maybe it’s been done already & you just didn’t know. An underwriter will not give an approval without it. Good luck!

  3. Reply
    Danielle M
    May 4, 2011 at 1:31 am

    I’m processing a loan right now in SC. The bank has to underwrite the loan first which could take them a week then once they do, they send it to USDA which i know in SC they are 10 business days. So right there is 3 wks minimum not including any problems or conditons that you may have to get. So… 6 wks isn’t out of the question.

  4. Reply
    May 4, 2011 at 1:39 am

    If the appraisal has not been done and submitted to underwriting, you will be waiting and waiting and waiting.

    The underwriter MUST have the appraisal in hand in order to give approval.

    I can’t see how this went so wrong.

    Check with your Loan Officer. It is Mortgage 101.

    Good luck.

  5. Reply
    May 4, 2011 at 2:18 am

    Very useful information about mortgage loans at

  6. Reply
    June 12, 2012 at 11:46 am

    Well i have gone through the appraisal and the credit and the underwriter now it has been forward to the usda process and in nc we are 7 days behind i am thing may be in two weeks i shoud be closing on my loan

  7. Reply
    October 26, 2012 at 8:03 pm

    I am the seller of the home. I have sold it to one of my family members. They were pre-approved for the USDA loans several months before opting to purchase mine. I was given a closing date of Sept. 10, 2012. However, the apprasial wasn’t even done until September 12…then it all went to the sent back for the aprasiar to come back out and take pics a couple of weeks later…we were told if it didnt close by the 1st of October it would be another 3 weeks. We are not at the end of October and still nothing….What do I need to do? I am at my wits end with all of this…would it help if I contacted my lawyer to help speed things along… The home is in Tennessee and me and my family are in Utah…any help would be greatly appreciated…

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