Home Buying in 75051>Question Details

Asd, Home Buyer in 85352

Where can you get info on lenders with the fastest home closing times in Dallas/Ft. Worth?

Asked by Asd, 85352 Mon Sep 7, 2009

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Usually takes about 3 to 4 weeks to close a loan. It really depends on how many loans are in the pipeline for each lender. Also it depends on the communication between the processor and the buyer to get the docs ready to go for the underwriter to review.

We offer $500 flat fee at http://www.mylendingplace.com with conventional loan. We also do FHA loan if you are looking for that.

Frank Zhu
http://www.mylendingplace.com
0 votes Thank Flag Link Mon Feb 7, 2011
Brian Mitchell with Coldwell Banker Homne Loans can do a conventional in three weeks and an FHA in fiur. Of course, the Buyer must get all docs to him quickly.

Appraisals are coming back in three or four days.

Susie
0 votes Thank Flag Link Mon Feb 7, 2011
If you're talking a cash transaction I've seen a week. Conventional financing doesn't seem to take near as long as an f.h.a. close. Conventionals have much less paperwork involved. This is one of the least of your concerns as a buyer I would add. Your a.p.r. terms, and mortgage insurance, can they actually close the deal, are much more vital items than how fast. Best of luck
0 votes Thank Flag Link Mon Mar 15, 2010
I like Guardian Mortgage.....Regions and American Home Key have done well well for me ....all have closed loans very fast....perhaps a week from start to finish.
I think you need to get one someone who has "nearby" underwriters and processors in the same office.
What I am finding with the big banks like Chase, Wells and BofA is that they have a "personal banker" take the application and send it off to someone in another state. While they may get the job done, it seems like communication is less frequent or non-existant and processing times significantly longer.
There can be many factors not always in control of the lender.....is there a good survey, how fast their appraiser works, is title work done, what type of loan, how fast the borrower is providing requested documentation.

I'm not sure there are stats published on closing times or delays. If anyone has this it might be a title company, but this might not always be accurate. If one lender for example mostly does local jumbos vs one who mostly does FHA and many other factors , there could be variances.

What is your goal with the question?
Web Reference: http://www.teamlynn.com
0 votes Thank Flag Link Tue Sep 8, 2009
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
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You can't

Each property, family stands alone, lenders work at their own pace . However when you have an executed contract all parties work with sales agreement close date.

General public only hears or see a fraction of these delayed closings . Truth ALMOST 100% close on time

How can I assist you in searching for a Dallas home?

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0 votes Thank Flag Link Mon Sep 7, 2009
try 1st Advantage Mortgage The address I have is in Frisco, Tx, but don't know if that is the closest one to you or not. The phone number is 1-469-234-7225. This is my first experience with this lender so time will tell. I hope this helps you out. Let me know your outcome.

Emily
0 votes Thank Flag Link Mon Sep 7, 2009
0 votes Thank Flag Link Mon Sep 7, 2009
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