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A loan approval process should take anywhere from 1 day to 1 month, depending on the size and type of loan applied for, as well as the credit risk and underwriting needed for the borrower. loan approval process should take anywhere from 1 day to 1 month, depending on the size and type of loan applied for, as well as the credit risk and underwriting needed for the borrower.
How long does the loan process take?The length of time between when you apply for a mortgage and when you get the funds for your home can vary widely depending on many factors.For purchases, generally sales contracts are written with a closing date set about 30 days out. Most purchase loans can be completed in 30 days.