When you say loan process I am not sure what you mean. If it is the approval process then it takes about a week.
If you are purchasing a regular sale with a loan it should close within 30-60 days.
If you waiting for a short sale to close with a loan it is theh shrot sale that is the delay, so it can take up to a year.
So, nothing other than a short sale should take 4 months.
Hope that helps!
South Florida Brokers 786-374-4778
For a convention loan, the process from application to closing should be approximately 30 to 45 days. An FHA or VA loan could take a bit longer, up to 60 days. But if you are getting something like an FHA 203K loan, it could very possibly take longer. Also, if there are documents missing (proof of insurance from a condo association, for instance) this will delay the process.
If you would like to talk to a loan consultant for more detailed advice as to your specific situation, I highly recommend David Caporini at CB Home Loans. His phone number is 305-803-5845 and his email is email@example.com. No obligation, no cost. Just let him know that I referred you.
Good luck and congratulations on your purchase!
Tammy Hayes, Realtor
Re/Max Palm Realty
The answer is no. Depending on which type of loan you are getting. FHA 203K take the longest because repairs need to be completed before closing. You should request from your lender more info about why they are taking so long to close. There may be other issues regarding title, appraisal, or inspections.
If you need any further assistance, feel free to get in touch with me 305-298-0349 or via email firstname.lastname@example.org
All my best,
ADVANTA REALTY LLC.
Licensed in Florida
Cell: (305) 298-0349
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