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usda and how extensions work?

Posted on: 02nd Aug, 2012 04:31 pm
I'm set to close on my first house august 31,but how usda is runing I may be cuting it so what happens if I go past my 60 days? Do I have to sign an extension ? And if so how do those work and if I don't do I have to start competly over. Thanks for the answers


this is a usda gauaranteed and its in Ohio and brand new builders home
Welcome josh,

As far as I can understand, you will have to sign new extension with the lender. If you don't sign a new extension, then may be you will have to start all over again.
Posted on: 02nd Aug, 2012 08:30 pm
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