Just how long does the FHA approval process simply just take?

Just how long does the FHA approval process simply just take?

Reader question:“A close friend whom recently purchased a house utilizing the FHA system stated it took him almost four months to obtain approved. We discover that to be unbelievable. Could it be always that slow? Just how long does the FHA mortgage approval process simply simply take these days (in 2014), on average? And so what can i actually do to speed it up?”

Once you’ve a finalized purchase contract for an qualified home, the approval procedure might take anywhere from 2 to 3 days (in the quick end), or 2 to 3 months (regarding the long end). There are lots of factors involved.

Read More