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Updated almost 4 years ago on . Most recent reply

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81
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50
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Julie DeWolfe Arroyo
  • Realtor
  • southern Idaho
50
Votes |
81
Posts

How long is LOAN PROCESSING?

Julie DeWolfe Arroyo
  • Realtor
  • southern Idaho
Posted

I'm curious about how long loan processing is taking in your community.

We are 2 months from start to the bank ordering an appraisal, which will noww take another 4-6 weeks.

What are you experiencing?

Most Popular Reply

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4,876
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2,757
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Stephanie P.
#4 Mortgage Brokers & Lenders Contributor
  • Washington, DC Mortgage Lender/Broker
2,757
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4,876
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Stephanie P.
#4 Mortgage Brokers & Lenders Contributor
  • Washington, DC Mortgage Lender/Broker
Replied

That's way long.  Start to finish should be between 45 and 60 days in all reality.  Appraisal should be ordered within the first few days of application unless something is wrong.

  • Stephanie P.
  • Loading replies...