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What day is the USDA working on for North Carolina loans

by Schrad_436_952 from Bessemer City, North Carolina. Nov 21st 2012 Reply


James Brooks (JamesB)
#10 ranked lender in North Carolina - 2,991 contributions

As of today they are now reviewing loans submitted on November 5, later today they will be reviewing loans submitted on November 6.I hope this helps, you can expect a backup for some time in the near future since USDA has made many towns ineligible for a USDA loan starting this spring.For more information visit our website at www.NCMortgages.net

Nov 21st 2012
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,728 contributions

USDA has one speed.. And that's low speed... lots of submissions, and limited underwriters, makes for long turn times... but hang in there... They'll get to it eventually..... 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

Nov 21st 2012
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Bert Carpenter (BertCarpenter)
#1 ranked lender in Arizona - 2,300 contributions

William is mostly correct, but USDA has two speeds... Slow and Slower. Keep the faith. They will get to it and you will be able to close soon. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

Nov 21st 2012
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions

Sorry, this isn't really the right forum for that question. Suggest you call your loan officer or their processor and find out - or call USDA directly yourself. Good luck

Nov 21st 2012
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Phil Jawny (phil_224_107)
#41 ranked lender in North Carolina - 2 contributions

Nov 3rd, USDA is backed up and System was down Friday.

Nov 21st 2012
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Peter Botros (PeterBotros)
#70 ranked lender in New York - 895 contributions

Very backed up. Have your loan Officer get exact details on where your loan stands.

Nov 21st 2012
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Last I was told on the 19th that the USDA was working on the loans from the 2nd and 5th so ours was turned in late on 5th early on 6th with it being a holiday when should we know ? We are to close soon we was supposed to close last week but they hadn't got to users so in wondering with the holidays where will that put us

Nov 25th 2012
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