How long does it take for my loan to be approved?

Mortgage Planning:
Knowing how to plan for your upcoming home purchase is very vital to your success. Our recommendation is to begin working on your mortgage about 3-6 months prior to your moving date. This will allow you time primarily to address any credit report concerns you may have and have them fixed properly on your credit report. Many times your interest rate is dependent or tied to your credit score.

Loan Approval Process
A buyer’s income, assets, credit report, and other compensating factors are typically reviewed within 1-2 days and a pre-approval is given to the buyer. The loan approval includes the amount the buyer is approved for and the amount of down payment that will be needed.

Loan Closing Process
Once you have selected your new home, your closing process usually will take 2-3 weeks. All of the necessary paperwork can be emailed or mailed directly to your house. Contact us today to get start on your FHA Loan approval!

Contact us now to begin your FHA Loan Process!