QUESTION: How long does it typically take to go through the USDA home loan pre qualification / approval process? In addition, how to I get started with my USDA application, is there a certain process for this?
T. Rhoades – Winter Garden , FL
ANSWER: Thank you, this is a very common but important question. The USDA pre qualification process generally takes around 15 min over the phone. You can also submit your application on line. At this time, we determine if you are pre qualified for the USDA mortgage, and for how much. Once the USDA pre qualification process is complete you can start the home search process. Once you have a complete contract on your new home, the USDA approval and closing process generally takes around 30-45 days depending on what county the new property is located in.
USDA Mortgage Source is Florida’s top resource for all 100% financing USDA / RD home loans. Tallahassee, Jacksonville, Orlando, Tampa, and everywhere in between – please visit our main web site at www.UsdaMortgageSource.com or call us at 800-743-7556 to learn more about the benefits of no money down USDA home loans here in Florida. We are available to serve you seven days a week.
USDA home loan mortgage application – revised 2014
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