Skip to Content
Mortgage Research Center, LLC: Not affiliated or endorsed by the U.S Department of Agriculture or any govt. agency. NMLS #1907. Not available in NY. Legal

USDA Loan Process Loan Articles

  • Couple holding keys to their new house
    Qualifying Income for USDA Loans

    USDA annual income, adjusted annual income, and repayment income are 3 income calculations considered in determining a borrower's USDA income eligibility.

  • person closing a usda loan
    How Long Do USDA Loans Take To Close?

    Every homebuying situation is different, but once you’re contracted to purchase, you can typically expect the USDA loan process to take anywhere from 30 to 45 days to close on your USDA loan.

  • person with keys to house after closing USDA loan
    An In-Depth Look at USDA Loan Closing Costs

    Closing costs on USDA loans generally run between 3 and 6 percent of the purchase price; however, every homebuyer's situation is different. Let’s take a closer look at USDA loan closing costs.

  • loan underwriter working at computer
    USDA Underwriting Guidelines

    USDA lending utilizes an automated system known as Guaranteed Underwriting System. Underwriting is the process by which a lender evaluates the risk of a borrower, as well as their eligibility for a specific loan program.

  • appraiser doing a USDA loan appraisal
    Understanding the USDA Appraisal Process

    Loans guaranteed by the USDA have to have an appraisal so that lenders can obtain an independent value for a property. Independent appraisers with proper licensure or certifications is required.

  • USDA loan denied
    Common Reasons for USDA Loan Denial

    A borrower has to meet broad-based income requirements to be eligible for a USDA Loan. If denied in automatic underwriting, you can still try go get approved with manual underwriting.

  • USDA loan prequalification and preapproval for homebuyers
    USDA Loan Prequalification and Preapproval

    Learn about the first steps of a USDA Loan. Prequalification and preapproval get you on your way to becoming a homeowner.