As of late, how long is it taking for FHA loans to get through underwriting?

Asked by Duane Bruce, Douglas County, KS Thu Jun 4, 2009

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Thu Jun 4, 2009
Duane,

It all depends on the lender. Most places are around 45-60 days, but if you find the right place, you can get it closed in a couple of weeks. Our turn times are always fast because we have in-house underwriting. If things start getting a little backed up, the UWs have to put in the OT.
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Luke Allison, , Asheville, NC
Thu Jun 4, 2009
Most likely, about 30-45 days. 60 days only if the region of the country is backed up. I would probably plan on closing an FHA purchase around the end of July.

Luke Allison
Bank of America Home Loans
828-777-8828
luke.allison@bankofamerica.com
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