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.
While FHA credit approvals still carry the 90-day valid period, documents used for automated underwriting of home loan applications have a 120-day expiration window, allowing original documentation to be used for timely mortgage closings.