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How long does va take approve home loan?

by anothony.lind952 from Oceanside, California. Nov 23rd 2015 Reply

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

VA loans are run through an automated underwriting system to be sure the file meets minimum eligibility VA requirements.. this process takes 10 minutes.. but understand that VA does not lend money.. they only insure loans against default.. Each lender offering VA loans can and will have their own set of rules above what VA calls for.. it's these "Overlays" that vary from one lender to the other.. To answer your question.. approval and closing are 2 different things.. Automated approval takes minutes, while fully underwriting a file (required on all VA loans) can take 2 to 10 days depending on the lender.. this gets you a "Conditional Approval". Once conditions are gathered and resubmitted for "Final Approval" this process can take another 2 to 5 days.. But from start to finish, most loans take about 30 days to close, however On October 3rd, the new TRID rules kicked in and this has caused many delays in loan closings.. so for right now, expect about 45 days... 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 NMLS# 226347

Nov 23rd 2015
Ralph Richard Guertin (
#136 ranked lender in Florida - 796 contributions

Couldn't of explained it better than Bill, and I do specialize in VA loans and lend in me as I would do my absolute BEST to make you happy Ralph Guertin 954-274-7725 or email at

Nov 24th 2015
Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,986 contributions

VA doesn't do loans... Lenders do loans. While each lender is different, the process is almost identical with everyone. Most lenders will tell you the process currently takes about 30-days. A little quicker if everything is perfect, and a little longer if there are any hoops to jump. Biggest reason for loans taking longer to process is the failure of the client to get the lender requested documents in a timely manner.

Nov 24th 2015
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