answersLogoWhite

0


Best Answer

The approval process is generally pretty quick, within a week's time or so, assuming you've submitted all the requested documentation in a timely fashion. The closing process is where the wait comes in. There's usually at least a 3-4 week waiting period from the time of approval.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How long does it take to obtain a mortgage?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What to do if the person that wants to get a mortgage for your propertybut cannot obtain one until credit it corrected. How can you still sell to them?

You can take back a mortgage yourself. However, remember that you already know the potential buyer has poor credit and may not pay the mortgage payments. You should obtain legal advice from an attorney.You can take back a mortgage yourself. However, remember that you already know the potential buyer has poor credit and may not pay the mortgage payments. You should obtain legal advice from an attorney.You can take back a mortgage yourself. However, remember that you already know the potential buyer has poor credit and may not pay the mortgage payments. You should obtain legal advice from an attorney.You can take back a mortgage yourself. However, remember that you already know the potential buyer has poor credit and may not pay the mortgage payments. You should obtain legal advice from an attorney.


How can one obtain a mortgage to buy a property in Bulgaria?

It is not possible to obtain a UK mortgage to purchase a property in Bulgaria. However, it is possible to obtain a mortgage in Bulgaria, by approaching a Bulgarian bank.


How can one obtain a low credit score mortgage?

There are many steps one can take to obtain a mortgage if one has a low credit score. One step to consider would be applying for government help with the Federal Housing Administration.


Where can I get information on a mortgage I had from 1997 until 2001 from Skipton Building Society?

You can obtain a copy of the mortgage and discharge by visiting the land records office in your jurisdiction.You can obtain a copy of the mortgage and discharge by visiting the land records office in your jurisdiction.You can obtain a copy of the mortgage and discharge by visiting the land records office in your jurisdiction.You can obtain a copy of the mortgage and discharge by visiting the land records office in your jurisdiction.


how can one obtain a mortgage loan that has no cost to the lender?

When you take out a mortgage you are agreeing to payback over time a certain percentage above and beyond the initial sum stipulated in the Mortgage. There is no fee that the lender has to pay as they are the ones setting up the mortgage with you and you alone.


How can one obtain a 125 second mortgage in the US?

One can obtain a 125 second mortgage by visiting several websites and filling in the correct information. These websites include BD Nationwide Mortgage, Second Mortgage Outlet, and 125-Second-Mortgage.


How long does it take for a mortgage co to reposses a manufactured home?

There is no set time for how long it will take a mortgage company to repossess a manufactured home. It could be as short as 30 days or take up to a year or more.


Where can one obtain a application to refinance their mortgage?

There are many places that someone can obtain an application to refinance their mortgage. There is a guide about how to do this on eHow. Sites that offer this service include the site Refinance Mortgage Application and Loans.


Does having a sizeable government pension effect your ability to obtain a mortgage after BK?

How long ago was the BK discharged? If more than 6 months, then you should have zero problems. Besides, it doesn't take much to get approved for a mortgage. However, just be wary of the terms of the loan you'll be approved for.


Can an illegal immigrant obtain a reverse mortgage?

i am a mortgage broker, i do not believe an illegal alien can obtain a mortgage at all. That is one of the questions on the "respa" documents in all mortgage applications. You are not a good risk for a bank; at any time you can be deported. * For the person to obtain a reverse mortage they would need to be a homeowner with equity. Therefore, it would seem logical that they should speak with their current mortgage lender.


Where can someone go to obtain more information on state home mortgage rates?

There are many places where one can go to obtain more information on state home mortgage rates. One can obtain more information on state home mortgage rates at popular on the web sources such as Zillow, Wells Fargo, and Mortgage News Daily.


How long does it take to get a wells Fargo home mortgage?

A wells fargo home mortgage can take up to anywhere between one hour to three days. It is not a long process, depending on which way you apply for the loan. It's not a long process.