30 days average but we do have a quick to close program that we guarantee a 15 day turnaround. call and see if your loan type qualifies 317 507 5494
It depends on the unique details of the transaction at hand. That said, if 30 days is average. Closing in 2 weeks is easy if all parties agree. We're often ready to close weeks before the buyers/sellers/Realtors agree to a specific closing date. In order to process a mortgage that quickly, you will probably need a lender that controls all aspects of the transaction: in office processing/underwriting/closing departments.
Most lenders shot for 20 days or so. Depends on the loan type and specifics
Realistically, there is no "Average" per se.. If a loan is a purchase, it will typically have more moving parts which can cause a delay in financing, and refi's have less moving parts, so they can be done quicker.. however lenders will push refi's on the back burner when they are swamped and work on purchase contracts since they usually have a closing date deadline.. this all being said, If you provide everything your loan officer asks for, and you do not have any issues with the property or appraisal, it should close inside of 30 days.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com
You will find most lenders saying about 30-days on average. A perfect file with a very cooperative buyer, and pure luck on quick appraisals, and it can be done a little faster. Slowly submitted paperwork from the buyer, any hurdles to jump, and a slow appraisal can easy push it to 5 to 6 weeks. Anyone promising quicker, especially with any "guarantee" will come loaded with so much small print that only a select few actually close quick - especially these days with all the newer government requirements for disclosures timelines, and behind the scene file verifications. Be wary of promises, be responsive with your loan officer, and expect 30-days.
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