As of late, how long is it taking for FHA loans to get through underwriting?
Answers (2)
Duane,
It all depends on the lender. Most places are around 45-60 days, but if you find the right place, you can get it closed in a couple of weeks. Our turn times are always fast because we have in-house underwriting. If things start getting a little backed up, the UWs have to put in the OT.
FIRST ANSWER
Most likely, about 30-45 days. 60 days only if the region of the country is backed up. I would probably plan on closing an FHA purchase around the end of July.
Luke Allison
Bank of America Home Loans
828-777-8828
luke.allison@bankofamerica.com
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