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Updated over 6 years ago on . Most recent reply

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912
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Patrick Philip
  • Florida
107
Votes |
912
Posts

What is the quickest you can make a closing?

Patrick Philip
  • Florida
Posted

Realistically, how fast can a closing be? I know it usually needs to go through inspection, appraisal, and loan approval.

What are the realistically fastest time frames for getting this done as fast as possible?

Most Popular Reply

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186
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96
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David Wright
  • Lender
  • USA
96
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186
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David Wright
  • Lender
  • USA
Replied

@Patrick Philip

That depends on a few but very important factors.  What type of transaction is it....fix and flip, buy and hold, is it a permanent loan, a bridge loan, rehab, ground up construction, etc....

It could be 7 days to 6 months or longer, it all depends.  But the fastest why to close ANY loan is to give the lender the documents they ask for immediately, no excuses.

When an investor asks me (which is everyday) how quick can you close?  I ask them how quick can you give me what I ask for and need?

I hope this helps.  Much success.

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