Final approval from the underwriter is a big step, but it’s not the last step. Your lender will conduct a final review and some quality control. Don’t drop the ball here and lose your approval and.
How long it will take you to get mortgage approval depends on the lender you go with, the type of loan for which you apply and how long it takes you to provide all the paperwork the lender needs.
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How long between final approval and actual closing. – How long between final approval and actual closing? I am getting frustrated with our lender but since I don’t have a lot of experience in mortgage approval, this may be par for the course. We got our commitment letter 6/11.
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A loan approval process should take anywhere from 1 day to 1 month, depending on the size and type of loan applied for, as well as the credit risk and underwriting needed for the borrower. The loan approval process is determined by the lender and is based on their need
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It can take several days or weeks – even longer – to get approved for a mortgage, but that timeline heavily depends on how honest you are with your lender.
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