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Does usda deny loans after underwriter approval?

by mike.jaleel657 from Salado, Texas. Aug 19th 2014 Reply


Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions

It happens, they make the final decision.

Aug 19th 2014
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Jason Vondrak (jvondrak)
#220 ranked lender in California - 1,741 contributions

Yes, USDA can deny a loan even after a lender has approved it. The USDA makes the final decision.

Aug 19th 2014
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Jericho Cherry (Jerichocherry)
#54 ranked lender in Virginia - 1,107 contributions

Yes, as Paul and Phil said, USDA makes the final decision.

Aug 19th 2014
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

Any loan can be turned down up till the day of funding and recordation. Obviously, they will have a reason, but yes.. it can be turned down even after underwriting approval. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Aug 19th 2014
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Sean Young (SeanYoung)
#1 ranked lender in Colorado - 1,112 contributions

Yes they can as they are the final decision maker.

Aug 20th 2014
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