The process of obtaining a USDA loan can range in duration, but typically it can be done within 30 to 45 days with all necessary documents and a successful credit score. The duration of the process can be affected by many factors, including the quality of the borrower's credit score, the availability of funds, and the complexity of the transaction. However, the time frame for the overall process can be a significantly shorter than most other types of loans.

There are several positive benefits to getting a USDA loan. The most common benefit is the lower interest rates and associated fees. Since USDA loans are centralized, financing costs are also manageable. Another positive benefit is the more relaxed credit score requirement; they usually require 640 or higher for the primary borrower, which may be lower than most conventional loans.

USDA loans also have a minimal down payment requirement of only 1% of the purchase price. This can be very beneficial to those who are unable to access the necessary funds for the required common down payment or lack the financial capacity to do so. This down payment requirement makes it an attractive prospect to many borrowers who are considering purchasing a home.

In addition, USDA loans also have lenient closing costs. The average closing costs