How distant Does It Take To Close A Loan?
One of the most common questions that I get from humans regarding the loan process is “how lengthy will it take to get my loan closed?”
My usual reply is “around 30 days, but in today’s world it could be slightly longer”.
And now I know that I am slightly slower than the next guy.
How faraway does it take to get a FHA loan closed?
According to the loan officers at Academy:
Ten Day Close Guarantee
Are you tired of waiting on the bank to move into your house?
More and more, banks and brokers are taking as distant as 45 days to complete your loan transaction.
This does not happen at Academy
Our Guarantee: whether we do not close your loan in 10 business days, we will credit you $100 for every additional day that we do not have your loan documents at title.
Our main goal is to compose the homebuying process as pleasant as possible for our client, and our team of experienced mortgage professionals have the tools to construct it happen.
So whether your loan officer is like me and telling you that it will take 30 (or so) days to get your loan closed — just tell him that there is at least one team of loan officers who are promising to get loans closed in 10 days or less.
And see what he says!
Orginal post by Justin McHood
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