What is the loan process for a USDA Loan like?

The process involved with a USDA Loan, at least from the buyer’s perspective, is similar to that of a traditional mortgage or FHA mortgage. From the beginning application to the approval, the timeline can take somewhere from two weeks to 30 days.

The major difference between a Rural Development or USDA loan and a traditional loan is that it must be approved by the state’s USDA representing office. For the borrower, however, this process goes virtually unnoticed, with the USDA agent taking care of most, if not all, of the necessary paperwork.

After final approval by the state’s USDA office, which typically takes around two weeks, the borrower will be notified and the paperwork can be finalized.

Are you ready to explore your USDA Loan opportunities? The experts here at the USDA Loan agency make starting the application process quick and easy. Call us today at 1-866-854-4242 or fill out the USDA Loan application to get started.



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