The following security code is necessary to prevent unauthorized use of this web site. If you are using a screen reading program, select listen to have the number announced. Enter the security code displayed above:Required field.
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.
Sheldon said he's currently seeing a five- to six-day timeline for mortgage underwriting approval and about 18 days from the start of the process to issuing a commitment letter -- when the lender commits to giving you the loan.