USDA Loan

[Rosemy]

What is the name of your state (only U.S. law)? WA

We are selling our home and the buyers are going through a USDA Loan program. It has taken an extremely long time to get to the final closing. We are currently at the point where their lender has received the verbal clear to close ok. What are the remaining steps that need to be taken to have this finalized and what is the time frame?

ThanksWhat is the name of your state (only U.S. law)?

[liverichly]

Originally Posted by Rosemy

We are selling our home and the buyers are going through a USDA Loan program. It has taken an extremely long time to get to the final closing. We are currently at the point where their lender has received the verbal clear to close ok. What are the remaining steps that need to be taken to have this finalized and what is the time frame?

One of the final steps is to get a conditional commitment from the USDA office in your state. I would ask if the buyer's have that, if so, then it should only be a matter of a couple days before the loan docs can be drawn up and the buyers can sign. Since you are in WA usually they sign and then it takes a day or two for the lender to fund after that, so keep that in mind.