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On average, how long does the process take to get a VA loan?

April 26, 2017average loan process VA

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On average, how long does the process take to get a VA loan?

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Answer The process for a VA loan takes the same amount of time as a Conventional loan, with two exceptions. First, if the VA loan is being processed by a loan officer who is not familiar with the many nuances of the VA home loan program, it will most certainly take longer to process and close the VA loan. The second instance is when the veteran does not have a Certificate of Eligibility and one is not immediately available through the lender or our local VA clinic. This happens perhaps 5% of the time, and requires that the lender assist the veteran in obtaining one by mail. Currently that process is taking about 3 weeks, so that could potentially delay the VA home loan process as the COE would be needed prior to submitting the complete loan package to underwriting.