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How long does it take to close a USDA loan?

May 13th, 2016 by usdaadmin

How long does it take to close a USDA loan?

Closing a USDA loan can be faster than you think! As you can imagine, this is a common question and the answer can range from lender to lender. In today’s video tip, I will show you what to look out for and how to reduce the time it takes to close a USDA loan.

Before we get started, don’t forget to take advantage of our free 2nd opinion service. This is a great way get an expert opinion and is great for helping to maximize your pre-qualification.

How long does it take to close a USDA loan?Florida USDA Processing Time

As a USDA Approved Lender, we work directly with:

  • Realtors,
  • Homebuyers, and
  • USDA field offices

It is true that many banks, brokers, or credit unions are not USDA approved, which then requires an actual approved USDA mortgage lender to finalize and submit the file to USDA for review.

This just sounds like “too many cooks in the kitchen”!

Being a USDA  approved lender provides us the ability to reduce the amount of time it takes to close a USDA loan and handle the loan process from A to Z with the following benefits:

  • Access to the USDA GUS Underwriting System
  • On site USDA underwriting and processing
  • Prioritize USDA specific documents
  • Are you working with a USDA Approved Lender? – here is a link to find out:

USDA Approved Lender List

Texas USDA Processing Time

As a USDA approved lender, Metroplex Mortgage Services holds expertise with this unique program, and are able to walk both homebuyers and Realtors through the process step by step.

Through this, we are able to reduce the amount of time needed to process and close a USDA loan.

 

Simply call or email to discuss your scenario, start a new pre-qualification, or if you want to take advantage of our free 2nd opinion service for a transaction that is already in progress.

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