BEST ANSWER
FIRST ANSWER
Not in my experience. USDA is going to verify the completeness and accuracy of a home loan, and has the right to come back and ask questions or request more information, but in my experience this has taken less than a week. I suggest you go back through your loan officer and find out what issues might be coming up on your file. USDA wants all the I's dotted and T's crossed to ensure the buyer fits the loan and the loan file is complete and correct (and auditable).
For others who may be using a USDA loan, I also suggest they avoid closing on the 1st or 30th of the month. Pick a day in the middle of the week that is less popular for closings. The delay may have been with the lender getting the loan file to USDA, and not a USDA issue at all. You should have an agent and a loan officer who are keeping you in the loop as to the status of your loan. Expect answers.
Thu Jul 2 2009, 14:06