cancel
Showing results for 
Search instead for 
Did you mean: 

When should I apply for a mortgage

tag
eblackman
Valued Member

When should I apply for a mortgage

I wanted to know how far in advance should i apply for a mortgage. My lease doesnt run out until next April of 2017. I was thinking of gong with my credit union, SOFI and QUicken. 

Message 1 of 3
2 REPLIES 2
Anonymous
Not applicable

Re: When should I apply for a mortgage

I'd say at least 2 or 3 months out. We gave ourselves 3 months. Applied in July, should be closed within the next week or two. This way we weren't stressing having to be out of our apartment right way in case the closing gets delayed. It will also probably depend on the house, how long it takes the offer to get accepted, if there is anything that needs to be fixed after inspection, if you have to fix anything on your credit, etc. Lots of variables.

Message 2 of 3
Anonymous
Not applicable

Re: When should I apply for a mortgage

Preapproval usually has a window 30-90 days. Closing can take 45-60 days from offer acceptance. I'd say start looking 3-4 mos before lease up to give yourself some leeway to.make offer, get docs and give yourself a 1-2 wks to move out.
Message 3 of 3
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.