Lenders and borrowers expecting to close USDA loans the first week of June might be too optimistic

Just a couple of things pertaining to USDA.  The bill has moved on to the Senate.  Bill #3266 has received 5 additional co-sponsors, bipartisan support for the bill.  The trouble here is that the Senate moves at their own pace (not that of Super Saver).  So far, the bill has yet to be put on the calendar for committee vote.  Given the slow turning wheels and then the IT time to set up the changes in their system, this could take time.  Lenders and borrowers expecting to close USDA loans the first week of June might be too optimistic.

About Max Leaman Austin Mortgage

GREAT RATES, LOW FEES, CLOSE ON TIME™ ---- 2012 Ranked #1 Austin Residential Mortgage Lender (Austin Business Journal) 2010, 2011 & 2012 Five Star Professional (Texas Monthly) 2009, 2010, 2011, 2012, 2013 PrimeLending Chairman's Circle Award 2009, 2010, 2011, 2012 Scotsman Guide Top Originator (Top 200 Mortgage Professionals in U.S.A.) Better Business Bureau "A+ Rating" National Lender Rankings (Scotsman Guide): Top Purchase Volume (No. 10) Most Loans Closed (No. 32) Top Dollar Volume (No. 88)

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