What affects pre-approval speed?
- How quickly you provide documents
- Income type (W-2 is fastest)
- Credit report issues needing explanation
- Lender workload and underwriting process
How long from pre-approval to closing?
After your offer is accepted, closing typically takes 30 to 45 days, covering the appraisal, underwriting, title work and final approval.
Frequently asked questions
Some online lenders issue preliminary approvals any day, but a loan officer's full review usually happens on business days.
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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.