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Average closing period (# of days) on conventional loans in AUtsin Texas?

by jimmy_latham336 from Austin, Texas. Jan 26th 2015 Reply


Brad Cahoone (info@globalhomefinance.com)
#91 ranked lender in Texas - 1,041 contributions

Hello Jimmy and good evening. The answer to that question depends on the lender and if you received a property inspection waiver or require a full appraisal or if it is a rate and term or cash out. Texas A6 laws require we wait 12 days to close your loan. For us it is about 3 weeks as long as the appraiser doesn't drag their feet on get the appraisal back to us and you are quick with the documents. I am just North of you in the Dallas area. Let me know if someone else is stringing you along. Brad Cahoone NMLS ID:184176 - 972-724-3222x227 - bcahoone@globalhomefinanceinc.com - Global Home Finance Inc. NMLS ID: 316441

Jan 26th 2015
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 7,802 contributions

Way too much into missing to properly advise you.. No such thing as "Average Closing Costs"... certain fees associated with a refinance or purchase are "Fixed" fees.. meaning whether you're purchasing a $100K home or a $400K home, the fee is the same.. other fee's are "Variable" fees, which are typically a percentage of the sale price or the loan amount... refinance transactions have lower fees than purchase transactions.. and certain area's of the country have fees/charges/assessments that are unique to that area.. so without looking at your exact loan scenario, no one here can advise you properly.. So here's an idea.. pick up the phone and contact a local mortgage broker.. give him 10 minutes of your time and answer his questions.. with that, he can produce a written quote telling you exactly how much it's going to cost you and what the turn times are for your specific transaction.. No more guessing!!.. 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. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Jan 27th 2015
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,452 contributions

What I usually tell clients, is that from the moment I have a completed AND SIGNED application, along with all your basic initial documentation (W2's, pay stubs), the process generally runs about 30-days. This can be a little shorter if everything goes smooth, and the appraiser gets there right away, to a little bit longer if there are any bumps in the road. Longer periods almost always are because the client does not get the lender requested documents or information in a timely fashion. Lending in MN, WI, and SD - www.MortgagesUnlimited.biz

Jan 27th 2015
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