How long does it take to close a USDA Rural Development Loan?

So what does that mean to you if you are buying a home in the USDA eligible areas of Wake and surrounding counties?

First, you need to make sure that you speak with your mortgage loan officer and get firm commitments from him or her regarding how long they will require to fully process, underwrite and approve your USDA loan, remember the USDA Service Center will only review FULLY APPROVED mortgage loan application.

Next, make sure your loan officer is acutely aware of how long your LOCAL USDA service center is taking to approve Guaranteed Rural Housing Loan Applications.

Once those tow numbers have been established, then it’s just a matter of adding those two timeframes together and then adding a little extra slack just to cover holidays, weather delays, or any other unknown known.