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How long before you can hear back on an FHA loan for first time home buyers?

I'm just curious by vickyvickivicki874 from , California. 13 days ago Reply


Bob Collins (bob@inaniche.com)
#2 ranked lender in California - 4 contributions

If you are talking about underwriting, should be no more than three days from submission. FHA does not underwrite the lender does unless it's a special situation that the Lender needs to get an approval directly from FHA on a loan that does not meet guidelines. I am a DE (Direct Endorsement) underwriter, approved for FHA loans.

13 days ago
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Bert Carpenter (BertCarpenter)
#1 ranked lender in Arizona - 2,268 contributions

If you are working with a big bank, A week is not unheard of. If you are working with one of the big on-line Mortgage Factories, at least 2-3 days, and don't expect to hear from them on weekends either. Our customers hear back in just a few hours. Just today, I was able to approve one refinance borrower and three purchase borrowers with one of them going under contract this afternoon after applying this morning. If you are not getting the special treatment you deserve, fire them and give me a call. Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Certified by The National Association of Mortgage Professionals as a Certified Veterans Lending Specialist.Licensed in AZ, CA, GA, IL, OR & WA... In fact, NEXA is licensed in all states except MA and NY so give us a call. ~ www.ApplyYes.com 480-889-9000.

13 days ago
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 4,347 contributions

FHA doesn't do loans, lenders do, and then underwrite to FHA guidelines. So it all depends on the lender you are working with, and if you are talking basic pre-approval or full underwriting. Basic pre-approval should be a day or less. Full blown underwriting, once given to underwriters is usually just a few days, but there is a lot of stuff to be done on a file before it gets delivered to the underwriter. I do FHA loans in Minnesota, Wisconsin, Iowa, North Dakota, and South Dakota. Find me at FirstTimeHomeBuyer-MN.com - Cambria Mortgage, NMLS 274132

12 days ago
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