Reader question:“A close friend whom recently bought a house with the FHA program said it took him almost four months to have authorized. We discover that to be unbelievable. Could it be always that slow? Just how long does the FHA mortgage approval process simply just take these days (in 2014), an average of? And so what can i really do to speed it?”
Once you’ve a finalized purchase agreement for an qualified home, the approval procedure could simply take anywhere from 2 to 3 days (from the brief end), or 2 to 3 months (in the long end). There are numerous variables included. Making sure that’s about as precise a remedy when I can provide you, without once you understand every one of the details.
For just what it is well worth, your buddy is definitely a exception towards the guideline. Continue reading The length of time does the FHA approval process simply just take?