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How long will it take to close the loan? The appraisal has been ordered and completed and now the appraiser only needs to send the file back to out bank!! Then we’ll be left with the survey and PMI approval. We want to close the loan within 21st of January next year. Is it possible?

jerry · Posted: Wed Dec 28, 2011 3:19 am Post subject:

Hi Bolena,

As far as I know, after all the required documents have been completed and survey done, then it might take around 7-10 days to complete the closing. However, many a times, the lenders take around 3-4 weeks to complete the closing.

Thanks,

Jerry

gmakerley · Posted: Tue Jan 03, 2012 1:30 pm Post subject:

Bolena, why are you posing this question to the experts of Mortgage Fit? Have you sought an answer from the lender itself?

These days, closings can take place within a couple of days of what you've described as the final pieces of your mortgage loan puzzle. Mortgage insurance companies respond right away to lenders' requests, and survey/appraisal needs are answered rapidly as well.

Call your lender and ask the question. Of course, it's only the 3d of January, so there's plenty of time to fit you in.

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