Financing in Kansas City>Question Details

Duane Bruce, Home Buyer in Douglas County, KS

As of late, how long is it taking for FHA loans to get through underwriting?

Asked by Duane Bruce, Douglas County, KS Thu Jun 4, 2009

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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.
0 votes Thank Flag Link Thu Jun 4, 2009
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
0 votes Thank Flag Link Thu Jun 4, 2009
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