How Long Does It Take To Get The Mortgage?

Assuming you qualify for a loan, how long does it take to the get the mortgage, to wit, money in hand? The answer obviously depends on your particular circumstances. Credit problems or a lack of documentation backing up your claims can lead to delays. A run of the mill mortgage, however, should take a few days to be pre-approved. The full underwriting and funding of the loan usually takes three to four weeks. Again, it can be longer or shorter depending on your circumstances. Make sure you understand this before entering escrow on a home, particularly a short escrow period.

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