I am doing a short sale with Chase and USDA backed mortgage, does anyone know how long it takes to get approval? My offer was submitted Jan. 3RD. Monday of this week I received an email telling me they were waiting on USDA approval. This is my first short sale offer and I am not sure of the steps. They have not given me a yes on short sale approval first. I have done the BPO and they sent an appraiser and we have been waiting since the appraisal which was done the same week we made the offer. Any tips?