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Final Approval- How long does it take?

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GC2025
New Member

Final Approval- How long does it take?

I am a firstime home buyer. I am scheduled to close on my house on May 16th. My loan officer told me my application was conditionally approved. He compiled all of my documents and submitted the packet to underwriting on April 8th. When should I expect to hear back from underwriting? How long does it typically take for final approval? I am doing an FHA  loan and I am financing through the builder. 

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ShanetheMortgageMan
Super Contributor

Re: Final Approval- How long does it take?

Usually it just takes underwriting 1 or 2 days to review conditions on a purchase transaction, but it could take a little longer if the conditions were complex.  I think it's likely you'll hear back tomorrow, Monday.  It wouldn't be seen as rude or anything if you want to send your loan officer an email asking when they think underwriting will complete the review, that's standard stuff loan officers check on all the time.

Free Mortgage Advice & Pre-Approvals (FHA, VA, USDA, Fannie, Freddie, Non-Prime, Construction, Renovation/Rehab, Commercial) since 2002
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