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How long will the loan process take?

loan process
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How long will the loan process take?

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It will take approximately 45 – 60 days to process your loan. Once we receive your loan application, the Client Coordinator assigned to your loan will be in continual communication with you regarding your loan status.

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Once you apply, we will begin to verify all the information you provided. This process can take anywhere from a week plus. Other factors include self-employment, title clearance, etc. Time delays can also occur if outside sources or you do not provide documents to the lender in a timely manner. Be sure to respond promptly to requests for information while processing is taking place.

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Loan approval time frames vary depending on the loan program and the complexity of your application. The process takes, on average, anywhere from 14 to 30 days.

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Here at TownCenter Mortgage we can close your loan in as little as 7 business days provided we receive all of your information promptly.

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Loan approval and funding time frames vary depending on the type of transaction and the complexity of your personal finances. The process can take, on average, anywhere from 1460 days.

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