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Can FHA loan fund on a holiday

by sgraham645 from San Jose, California. Oct 2nd 2017 Reply

William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

The short answer is NO.. All loan funds are wired to the title company's account through the federal reserve bank. and they are only open on working days.. not holiday's.. Also, when you think about it.. all the moving parts to close a loan need to be open the day a file closes.. The lender, the title company,, even your county recorded needs to be open since the lender will not authorize the release of the funds until your deed's are recorded.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Oct 2nd 2017
Alex Shik (alexshik)
#383 ranked lender in California - 2 contributions

No Can't fund on a holiday because the 3rd party Companies ( title, escrow and etc. are all closed) ..Perfectly explained by William J Acres.

Oct 2nd 2017
Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,944 contributions

No mortgage loans can fund on any day the banks are not open.

Oct 3rd 2017
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