Financing in 10309>Question Details

Babygirl, Other/Just Looking in New York, NY

After you get t'h'e appraisal w'hen do you usually close

Asked by Babygirl, New York, NY Tue Jul 14, 2009

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John B’s answer
3 days after you will sign loan docs, the appraisal can be one of the first things to do or in the middle of the process.

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0 votes Thank Flag Link Tue Jul 21, 2009
I suggest you call your loan officer to find out the status of your loan. It's his or her job to keep you informed about the status of your loan. I have seen anywhere from 2 weeks to 2 months. The underwriters (the people who review all of the documents you give to your loan officer & documents your loan officer prepares) are getting more strict on what documents they want to review before they approve a loan (they sometimes ask the loan officer for more information before they approve a loan).
0 votes Thank Flag Link Tue Jul 14, 2009
Assuming all your required paperwork has reached the underwriter, and is in order a date for closing should be announced in 10 - 14 days depending on the lender.
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0 votes Thank Flag Link Tue Jul 14, 2009
Usually the appraisal is the final step. Here in Texas it is done about a week before closing.
Ann Cordes, Keller Williams Realty, Waco Texas
Cell; 254-227-0522
0 votes Thank Flag Link Tue Jul 14, 2009
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