3,430,007
21-24 days that includes FHA.
I do not see a lot of VA loans in my area.
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Abby Stiller
Cape Coral, FL
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AJ Heidmann ~ CRS
Alexandria, VA
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Doug Dawes
Topsfield, MA
1,870,453
Yep, that's what I see. Tried for 30 days last month & it was 2 weeks overdue even though the LO said it was a go.
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Peter Testa
Danbury, CT
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Doug Dawes
Topsfield, MA
2,520,681
It was always around 30 days in our area Paul S. Henderson, REALTOR®, CRS
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Abby Stiller
Cape Coral, FL
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Debe Maxwell, CRS
Charlotte, NC
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Paul S. Henderson, REA...
Tacoma, WA
932,948
35-45 is about the norm here as well. I've seen rush closings done in 15 days, but that's rare, and 60+ daus when numerous inspections are reauired. ( home, radon, water and well, septic, termite, etc) and appraisers and surveyors aren't always available, it could take them 2-3 weeks+ to get work done. It's case by case evaluation.
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Gene Mundt, IL/WI Mort...
New Lenox, IL
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
1,258,649
45 days usually, but sometimes 60 days on the outside
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Bob "RealMan" Timm
Minot, ND
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Peter Testa
Danbury, CT
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Doug Dawes
Topsfield, MA
921,504
10 days max with Movement Mortgage, 30 days conventional and VA/FHA 45 days plus.
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Doug Dawes
Topsfield, MA
682,539
Paul ~ They average between 20-25 days for all three lines. The time lines you mentioned seem a bit long.
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Doug Dawes
Topsfield, MA
8,149,414
I no longer have current experience.
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Bob "RealMan" Timm
Minot, ND
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Abby Stiller
Cape Coral, FL
523,380
5,486,412
I came over here to answer this earlier and have no idea why it didn't 'take!'
30 - 45 days is our average, regardless of the type of loan.
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Bob "RealMan" Timm
Minot, ND
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Abby Stiller
Cape Coral, FL
2,707,918
30/45 is the norm here.
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
5,584,639
30 to 45 days.....
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
777,875
I'd say your averages are about the same as ours.
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
1,538,434
30 days for conventional. Haven't seen a VA or FHA loan in a looooong time.
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
424,263
I can close with cooperative borrower in 11 days, typical for conventional or FHA is 20 days. VA appraisal might take you to 28 days. The key is communication. I tell borrowers they must be willing to open email and touch base with my team daily.
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
654,488
In Southern California, we Lenders are typically asked to facilitate escrows in the 24-30 day periods on average. These turn times are consistently met as long as all parties "paddle in the same direction" throughout the process (i.e. sending in their documentation, signing forms and/or scheduling the appraisal in a timely manner).
The only exception is VA loans due to the slower turn-times of the appraisal (but we are still seeing 30 days for VA on average).
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
823,256
The lenders I work with can close as quickly from 21-30 days
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Bob "RealMan" Timm
Minot, ND
225,576
I've done a conventional in 8 days. FHA is usually 20 days, and the same with VA
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Bob "RealMan" Timm
Minot, ND
873,700
45-60 days although there are a few that can make it happen more quickly.
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Bob "RealMan" Timm
Minot, ND
2,500
2,750
4,975,810
The lenders that I refer to have always closed on loans within 30 days, but I usually allow for somewhere between 30 and 45 days for closing.
789,244