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how long is the typical loan process?

by shellbell833 from Mason, Tennessee. 6 days ago Reply


Phil Dumouchel (PhilDu)
#1 ranked lender in South Carolina - 2,228 contributions

The standard goal for most mortgages is 30 days or less from receipt of a complete application with all requested supporting documentation. Some types of loans can take longer, and some applications get approved and close in as little as about 3 weeks. It just depends on the lender and the borrowers details.

6 days ago
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Nancy J Releford (nancyreleford)
#1 ranked lender in Tennessee - 215 contributions

Usually 30 days or less. Lenders I use can underwrite a file within 48 hrs. What takes the longest is the apparaisal, which can take anywhere from 1wk to 3 wks. depending on the area & how difficult it is to find comparable son property.

6 days ago
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,044 contributions

Typically, most loans will close between 3 to 4 weeks.. but there are countless things that could pop up that might delay the process,, some might be in the lenders control, but most delays are caused by borrower delay's, property issues, or waiting on an appraisal. 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 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

4 days ago
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