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twoshort

MSHDA Loan

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Anyone use a MSHDA loan for their first house? Any idea how long these things are SUPPOSED to take from application to close?

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Anyone use a MSHDA loan for their first house? Any idea how long these things are SUPPOSED to take from application to close?

twoshort, in my experience it doesnt really take any longer to do a MSHDA loan than a standard loan, max 30 days...depends though if there are any issues that come up with inspections that need to be addressed before closing. how long have you been waiting?

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twoshort, in my experience it doesnt really take any longer to do a MSHDA loan than a standard loan, max 30 days...depends though if there are any issues that come up with inspections that need to be addressed before closing. how long have you been waiting?

Roughly.. 35 days. :(

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Roughly.. 35 days. :(

interesting...has your mortgage person said what the hangup is? and how long does the purchase agreement give you to close on the house?

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Sorry for the dub question...we haven't purchased our first house yet. What's an MSHDA loan?

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