How Long Does It Take To Close A Loan?

Posted on October 26 By Justin McHood

One of the most common questions that I get from people regarding the loan process is "how long will it take to get my loan closed?"

My usual answer is "around 30 days, but in today's world it could be slightly longer".

And now I know that I am slightly slower than the next guy.

How long does it take to get a FHA loan closed?

Ten Days.

According to the loan officers at Academy:

Ten Day Close Guarantee Are you tired of waiting on the bank to move into your house?

More and more, banks and brokers are taking as long as 45 days to complete your loan transaction.

This does not happen at Academy Mortgage.

Our Guarantee: If we do not close your loan in 10 business days, we will credit you $100 for every additional day that we do not have your loan documents at title.

Our main goal is to make the homebuying process as pleasant as possible for our client, and our team of experienced mortgage professionals have the tools to make it happen.

So if your loan officer is like me and telling you that it will take 30 (or so) days to get your loan closed -- just tell him that there is at least one team of loan officers who are promising to get loans closed in 10 days or less.

And see what he says!

This entry is filed under Uncategorized . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response.
National Mortgage Rates National Refinance Rates
Compare Local Rates

0 Responses to "How Long Does It Take To Close A Loan?"

No Comments

Leave a Comment
Get Mortgage Loan Quotes Now
  • Free Quotes
  • No Hidden Fees
  • No Obligations
  • Refinance
  • New Home Loan
  • Home Equity
  • Debt Consolidation
  • FHA Loan Orientation Guide
  • FHA Loan Orientation Guide

    Use our FHA Guide to find answers to all questions related to FHA loan.

    Click here to Download

Compare Mortgage Rates