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How long is the current turn around time on USDA loans in Ohio? It went to USDA two weeks ago and still no approval.

by mfs811_834_467 from Beverly Hills, California. Aug 10th 2012 Reply


William J Acres (William_Acres)
#1 ranked lender in Arizona - 4,848 contributions

USDA loans are underwritten twice.. Once by USDA and then again by the lender... USDA current turn times are running 3 weeks, so it really depends on where in the process you are in.. you should call your mortgage broker and ask for an update.. 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

Aug 10th 2012
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#1 ranked lender in

Your lender should be able to tell you what files USDA is working on. (ex - working on files received on 07/27) and then add thee weeks to that date. Given what you said you probably have another week to go.

Aug 11th 2012
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#0 ranked lender in

Not unusual. You or your lender can call USDA and they will tell you what date they are working on at this point. As mentioned, the file is underwritten twice, once by your lender, then by USDA. Hang in there, you're not to far out ot this point from being able to close.

Aug 11th 2012
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