Allot depends on the underwriter you are using. They ALL take much longer now than they used to, many with seemingly endless demands of this or that before you can close. Even with an 80/20 conventional mortgage. If you are going FHA or VA...it can take a minimum of 8 weeks or more to close. My advice is to find a financing company who has options so that if one lender is being too difficult they can move the loan to someone else.
The good news is that most sellers are willing to work with you to help get the deal done! Good luck and if you would like any other information about the local market, please feel free to contact me.
Century 21 Landmark Realty
It can really vary; larger banks definitely take longer than a private mortgage specialist, as they follow their own rules, in addition to the laws.
It can also vary on local/state laws.
My mortgage specialist here in Las Vegas can have funds released within a 3 week period, when she hustles.
I can recommend that you contact different mortgage specialists in your area, and inquire directly from them.
I can help with any of your Las Vegas Real Estate needs or questions; feel free to contact me direct.
Mark D Fleysher, MBA, Broker, REALTOR
The Jack Conley Realty Group
C. 702-291-8186 F. 702-946-0843