Property Q&A in 11758>Question Details

Buyer, Home Buyer in 11758

How long does it take to close a FHA loan?

Asked by Buyer, 11758 Fri Apr 13, 2012

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Answers

2
I assume you're asking on a purchase transaction?

There are several things that can dictate the time it takes from the time you sign contracts to your lender approving the loan to closing. On our end, as a mortgage banker, I can say it's acceptable to deliver on an FHA loan (or just about any other traditional type of mortgage) within 30-45 days.

If you're buying a short sale, for example, it could take a couple months just to negotiate the offer with the seller's mortgage servicer, which for the most part happens before you get fully done with your mortgage process.

If you need any further assistance, I'm available. Best of luck...

Javier Meneses
Sterling National Bank
jmeneses@snb.com
631-659-2011
1 vote Thank Flag Link Fri Apr 13, 2012
You should ask your loan officer the question as well; generally 30-45 days....
0 votes Thank Flag Link Fri Apr 13, 2012
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