I am getting frustrated with our lender but since I don't have a lot of experience in mortgage approval, this may be par for the course.
We got our commitment letter 6/11. There were approximately 20 "conditions". I was able to get everything back to them within 24 hours. Yesterday, I got a 2nd commitment letter with 10 more conditions - sent everything back within 4 hours. We are scheduled to close 6/29 (next Friday). I feel like we are in limbo until we get final approval and when I speak with my LO, I feel like she is frustrated with me. But my questions are simple. My question right now is how long between final approval and actual close? Does it have to be 7 days or can it be the day before? Everything else is in place for our move except our loan .
We got our clear to close at 2pm and was sitting at the closing table at 5:30pm on the same day..
I'm not really sure this is the normal though.. and it depends on when the title company (or wherever you are closing at) has a time slot. I do also think it may vary from state to state..
I had final approval on tuesday, and by wednesday i was signing final loan docs and title papers. Its all depended on how fast the closing department can get your file together for the title company.