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How long does it take usually to close a mortgage loan?

I am looking at a home that I want to purchase, but my lease is up in 2 months and I don't want to renew. I have ok credit at 690 and about 45K saved which I would like to spend 25 on a down payment. The house price is 184K. How long do you think it would take to close the loan? I've already read what documents I generally need and have everything ready to go. by marywe_819_206 from Las Vegas, Nevada. Jun 19th 2012 Reply


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3-6 weeks depending on the lenders turn around time. Go ahead, and start your process now. YOu can always do a lease back to the current owners until your lease is up. Also, you get to skip your first months payment, so that might help you as well. Good Luck to you.

Jun 19th 2012
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I can close your loan in 2-3 weeks once you are in contract on a house. I have in-house underwriting so your file stays in my office. Please call me an we can discuss your options. Al McGhee with SecurityNational Mortgage 702-239-5527. My office is in Henderson corner of warmsprings and stephanie. I look forward to hearing from you.

Jun 19th 2012
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You better get boogieing.... in general it takes 3 to 6 weeks, however that's in the perfect world... any hiccup can push that back weeks.. And nowadays there are a lot of hiccups.. Assuming everything is clean with no issues, you will have plenty of time.. The best advice I can give you is to contact a LOCAL mortgage broker, not the local "Big" bank, and certainly not one of those 50 states internet lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. 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. 480-287-5714 WilliamAcres.com

Jun 19th 2012
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It generally takes about 30 days to close a mortgage loan now days if the appraisal and title come back okay with no issues

Apr 27th 2013
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I am your LOCAL Las Vegas Lender. I can close your loan in 3 weeks, start to finish. If you have opened escrow already then it's time to start. I work with Valley West Mortgage, we are located at 6787 W. Tropicana Ave Las Vegas NV 89103. My direct phone 702-696-9900. I look forward to help you with your new mortgage.

Jun 19th 2012
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I am closing loans, it depends on what type, va, fha, conventional, in 3 to 4 weeks time i have my own processor and undewriter, and on certain loan products i can close faster... email me at yourloanpartnerforlife@live.com linda

Jun 19th 2012
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I am a Direct Lender and I can close your loan in 3 weeks or less. The smart thing to do is to get all your information for qualifying to me in advance so I can issue a pre-approval letter for you to go with your offer.Please call me at (928) 458-7068 for a list of items needed for your pre-approval.

Jun 19th 2012
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Depending on the lender and the loan program, turn times can vary from 10 business days up to 60 days. If you are serious about purchasing a home and closing before your lease expires, there is no better time than the present to get started. Just remember that buying a home is more than an accepted purchase agreement and the home loan. You still have to deal with any issues discovered through a home inspection, as well as any appraisal related issues. What are you waiting for...get started now.

Jun 19th 2012
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Usually 3-6 weeks depending on the lenders turn times.

Jun 19th 2012
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What are you waiting for? Normally a purchase transaction will take from 2-3 weeks, but with the increase in volumes caused by the surge in refinance due to both the HARP roll-out and the new FHA Streamline program, turn times are beginning to stretch. You can't get done too soon. Start now, and when your lender gets done early, you can choose to close early or sit and wait the last week or so knowing that everything is all done. Make sure you are working with a local Mortgage Banker/Broker, rather than one of the big banks or national mortgage factories. Unlike a bank employee, who is most likely just an order taker, a Mortgage Broker/Banker is Trained, Tested and Licensed in all aspects of Mortgage Origination. He/She will have access to loan products of many lenders, not just those of one bank, and can properly guide you. But more importantly, He/She is trained to take a look at the various different options available to you and guide you into the one that makes the best sense for your situation. Don't forget to check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com ~ 888-889-9950

Jun 19th 2012
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