Updated post about closing times –http://www.usdamortgagesource.com/blog/fl-closing-times-usda-rural-housing/
Great news for homebuyers in 2014! The USDA RD program closing frame has improved a lot over the recent months. USDA loan process has been reduced from over a month to just 2 weeks. USDA turn times were exceeding 30 days for a while after the recent government shutdown. However USDA Rural Housing implemented some positive changes that greatly reduced their loan processing times. Keep in mind this is just the time USDA takes on their end. The lenders will still need a few weeks for underwriting, appraisal, inspections, etc. We are currently asking all buyers, sellers and realtors to allocate 45 days for closing when in contract.
USDA rural housing still offer 100% financing, sellers concessions for closing costs, among many other benefits. See all the FAQ’s for the USDA program here. Please call us at 800-743-7556 or just submit the quick request form on the right side of your screen.
If you have any questions about the RD USDA closing time frame, please call us at 800-743-7556 or visit www.usdamortgagesource.com