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Started the process!

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Laurenlou
Regular Contributor

Started the process!

I'm officially working with a loan officer, however my loan has gone to manual underwriting... Smiley Sad

 

He said it could take up to 2 weeks to get a final approval decision. Anyone else had to wait that long? Any words of wisdom while I wait?

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ShanetheMortgageMan
Super Contributor

Re: Started the process!

Each bank has their own turntimes, and some banks are taking a few weeks to underwrite (although majority are still a week or less), so as long as it's normal compared to other loans at the same bank, I wouldn't worry about the wait.  I can tell you to keep the stress down though, don't get too concerned over it.  It's just a loan approval, and if you don't get approved they'll let you know what is holding you back, and then you know exactly what you'd need to work on.
Free Mortgage Advice & Pre-Approvals (FHA, VA, USDA, Fannie, Freddie, Non-Prime, Construction, Renovation/Rehab, Commercial) since 2002
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