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how long does it take to process loan documents after signing?

by keeyaaron38236 from Boyers, Pennsylvania. Apr 23rd 2015 Reply

William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,727 contributions

Every state has a different process, and different loan programs have different waiting periods.. but in general, if you buying, then typically, your loan will close within 1 to 3 days of signing.. if your refinancing your primary residence, then there's a 3 day recision waiting period before they can fund and close.. 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

Apr 23rd 2015
Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,247 contributions

Depends partly whether you are talking about initial documents or the final closing documents. Typical is 3 weeks to 30 days to close after application, sometimes a little longer for a refinance due to the 3 day recission.

Apr 23rd 2015
Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 4,054 contributions

Not sure if you mean at final closing, or how long does it take to close a loan after application? But final closing depends on the state, and a purchase transaction or a refinance. A refinance transaction everywhere is effective after three business days. So if you sign on Monday, everything is a done deal on Friday. A purchase transaction depends. Here in Minnesota, we are what is known as a wet state. Therefore the moment you sign, it is a done deal. For application until closing, most people will answer about 30-days.

Apr 24th 2015
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