Be Prepared! Alpine Mortgage  USDA Guaranteed Home Loans are underwritten by our in-house underwriting staff which saves time in the process. However, after a USDA loan is approved, the next step is for USDA to issue their approval of the loan, since they are the providing the guarantee. This is similar to what happens when a mortgage insurance company require loans to be submitted to and approved by them prior to insuring the loan. Because this is an extra step in the process and USDA is currently reporting they are 20 business days out in reviewing the loans in our area, they are not closing on original schedules. 20 business days is what is in a normal month, so it may take up to two months to close a USDA loan, since normal processing time on a loan is about 30 days. This just means that buyers, sellers and the Realtors involved in a USDA transaction should be prepared for the additional time in process. If you have questions about USDA Guaranteed Loans, or any other loan product, give me a call at 541-342-7576/541-221-3455 cell and let’s discuss your process. It is worth waiting a bit longer for one of the only 100 per cent loan to value loans available in today’s market. Different market areas will have different review times.   Copyright