First time homebuyer here and I was hoping someone would be able to help me out with some questions I have about the next step. I'm kind of in a unique situation which has only served to confuse me even more lol. I'm doing a new manufactured home in a land/home deal but getting a USDA loan. My appraisals have gone through (was in underwriting yesterday and lender says he expects final decision today) and everything seems to check out. My understanding is that once final approval is given by the lender then Clayton Homes (who I'm purchasing through) will be wired the money of my loan amount. This money will then be used to purchase the land, home, and improvements on the land, etc. I signed the GFE several weeks ago now and I know there will be some changes as I purchased a different lot of land adding a couple thousand dollars and hopefully my interest rate will have gone down slightly since I haven't locked in yet. My main question is what to expect today? Will there be more paperwork to sign? If so, what will it be? I don't think "closing" would technically happen until the home is put up, inspected, and I'm able to live in it correct?
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