how long does refinancing an fha loan usually take?

Ususally about 30 days.

Jason, I tried to reply last night but doesn't look like it stuck so if this shows up twice forgive me. If we can streamline the loan without and appraisal probably about 2-3 weeks. Also, depending on when you got your loan initially we might be able to lower the mortgage insurance as well as the rate. Contact me to discuss options. I'm located in Avon. 970-748-0342

Jason, make sure you consider the 'cost' of the refinance before you make a quick decision on your refinance. Rates have come back up a bit & and unless your mortgage insurance rate is high, it may not make sense to do anything right now. Also, I'd recommend looking at options to drop your mortgage insurance completely if possible. If you've been in the home for a few years, it's likely you have the equity to get out of it completely. Take your time, don't rush through a refinance. Shop around and understand all options before taking the plunge.As an aside, right now appraisers are getting backed up in the Mtn. communities. We are seeing upwards of 3 weeks on appraisals in Summit & Park counties right now. Would be happy to answer more questions when you are ready.Jason Berman970.455.4131

Usually 30-45 days depending on the lender and how quickly you are able to respond with any needed information. As stated above, rates have increased significantly so your timing may not make sense, especially with that loan amount, unless you can eliminate the FHA mortgage insurance on your current mortgage.

If you were to survey the lending community, your answer would be somewhere around 30-days. Can loans be done quicker? Sure. Do they sometimes take longer? Sure... The biggest delay is usually getting signature and documents from the customer. But be wary of anyone promising a "quick close". The mortgage industry is very paperwork intensive, and overly regulated. Quick closing just are not in the industry cards anymore.