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How long does it take to get approved for a va loan?

Please give me best and worst case both. by jebbsyc497 from Cleveland, Ohio. Aug 4th 2015 Reply


Kim Lawson (kilawson)
#56 ranked lender in Ohio - 149 contributions

I'd say possibly from 30-45 days from contract unless there are other contingencies or issues discovered along the way? If there aren't contingencies and you're just feeling like you're getting the run around then it's time to ask questions or look elsewhere? If I can answer any add'l questions, I'd be happy to help. Best wishes otherwise, Kimberly Lawson, Licensed Mortgage Loan Originator - Ohio only. Contact and licensing information can be found on my profile.

Aug 4th 2015
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Brian Dawson (brian.dawson)
#42 ranked lender in Ohio - 104 contributions

The last two VA loans I closed in 19 and 23 days respectively. I post these turn time dates for my clients on our facebook pages as well after they close for all to see and it and know it did happen. Closing VA loans quickly is all about knowing the process and getting ahead of the things that tend to slow things down. Experience is key with these loans. Give me a call if you would like more detailed info. Contact info is on my profile.

Aug 4th 2015
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Michael Zuren, PhD (mikezuren)
#58 ranked lender in Ohio - 213 contributions

It should take 30 to 40 days, but depending on special circumstances such as appraisal issues or outstanding underwriting conditions it could take longer.

Aug 4th 2015
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 7,802 contributions

The pre approval process takes only a day or so, but to close the loan can take up to 45 days.. Pre approval is when the lender takes an application, runs your credit and inspects your income and asset documentation. He will also verify your eligibility through the VA.. 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

Aug 4th 2015
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Derick Condron (rightstartoregon)
#33 ranked lender in Oregon - 597 contributions

A lot will depend on the current turn times for VA appraisers in your local market. Typically we ask for a 45 day contract currently. If you have your Certificate Of Eligibity all ready that could also save some time. There are times it is taking up to 30 days for that to come back and it is required to close the loan

Aug 4th 2015
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Lorne Harvey (lorneharvey)
#1 ranked lender in Washington - 418 contributions

I can agree with everyone's response. Generally speaking, it could go as quick as 18 days to 45 days or so depending on your specific situation. Seek out a recommended lender in your area.

Aug 4th 2015
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,452 contributions

VA loans are no different than any other loan in processing time. Most lenders would probably answer around 30-days. There are many variables that come into place that could make it a tiny bit quicker, or a week or two longer. But figure 30-days.

Aug 5th 2015
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Sean Young (SeanYoung)
#2 ranked lender in Colorado - 1,106 contributions

Less than 30 days usually, but that really depends on you and how quickly you provide documents that your loan officer and processor request. Most of my biggest delays in the mortgage process are due to clients not responding in a timely manner. The second biggest delay is the appraisal. Best wishes, Sean

Aug 5th 2015
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Mark Hemingway (SFSLend)
#1 ranked lender in Colorado - 536 contributions

Lenders are not as busy as they were depending upon your state. VA Loans are underwritten by specific underwriters that typically only underwrite VA. But you should easily be able to close in 30 days. Appraisals are what is taking sometimes the longest during the process. Just make sure you give your loan officer all the income docs and assets statements that he needs. You want to get past the biggest hurdles first so that you just have to clean up the loan conditions from the lender while your appraisal is getting done. Most brokers should be able to order your appraisal the day after your loan is disclosed to you from the lender as long as you accept the disclosures electronically thru your email. Good luck to you! Mark 303-955-5606

Aug 6th 2015
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