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Updated about 8 years ago on . Most recent reply

User Stats

112
Posts
62
Votes
Jesse Hinaman
  • Lender
  • Sacramento, CA
62
Votes |
112
Posts

Quickest Closing on Conforming Financed deal?

Jesse Hinaman
  • Lender
  • Sacramento, CA
Posted

I'm curious to know what's the quickest close that BP members have experienced for a standard financed deal (could be investment, primary home, vacation home, etc.)? Do other states have different standards? For example, in California typical financed deal has 30 day escrow. I recently closed a 5% conventional purchase in 18 days (so it is possible to do in a lot less time than 30 days). In California we use title/escrow officers in lieu of closing RE attorneys. Does this make a difference in closing time-frames?

Private lenders write their own rules so not interested in hearing those timeframes. 

What I'm curious to hear comparisons on is anyone who's gone through the pleasure of using conventional/conforming financing. This can be Conventional, FHA, VA, and even USDA loan.

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