How long does the FHA Mortgage process take form Pre-approval to closing in MA?
Getting pre-approved for a mortgage is one thing. Actually applying for a mortgage is another. To get pre-approved for a mortgage, you need to submit a full application, and provide copies of your paystubs, bank statements and W2s. A pre-approval should take no more than 24 hours. When you apply for a mortgage, the approval process should take about 2 – 3 weeks depending on how fast you provide the required information, how fast the house is appraised, and how fast title work is done. If you’re applying for an FHA 203(k) streamline rehab loan, the process will take about 6 weeks. For an FHA 203(k) rehab loan, the process will take about 2 months.
