how long to close on fha 203k loan?

Scott
Other/Just Looking
Troy, MI

Answers (1)
Lew Corcoran
Mortgage Broker
or Lender

Massachusetts
FIRST ANSWER

For an FHA 203(k) Streamline Rehabilitation loan (where there are no structural repairs, and the cost of repairs don't exceed $35k), expect the process to take 4 - 6 weeks.

For an FHA 203(k) Rehabilitation loan (where there are structural repairs, additions, and/or the cost of repairs exceeds $35k), expect the process to take 6 - 8 weeks.

Sun Oct 25 2009, 09:36

Didn’t find what you were looking for? Ask a question!

Search Advice

Ask a question

Got a real estate question? Get answers from locals, experts and real estate pros.
Ask
Email me when…

Learn more

View all » 1 - 3 of 118
Copyright © 2009 Trulia, Inc. All rights reserved.   |   Fair Housing and Equal Opportunity
Help us improve our service—send us feedback