Article Score0

Please do not put spam as your answer or have your email link on here. I am simply asking a question that requires a serious reply by those who know firsthand. IIf a buyer already signed a contract to buy the house, then step 2 he is applying for a morgage, how long does that take? I need specifics. Thanks.

1 Thought on How long does it take for a Mortgage to be approved in NY?
  1. Reply
    michiganted
    January 7, 2013 at 3:41 pm

    It all depends on the complexity of the purchase, the skill of the mortgage consultant, and the lender involved. In general there should not be more than a 3-4 week process involved, depending on the performance of outside parties such as the appraiser, title company, and insurance agent. It definitely should not be a long, drawn-out process. If you are looking for how long it takes to know whether they will be able to be approved for the mortgage – that can be done on a same-day basis, again depending on the people and company involved. The 3-4 week time frame is how long it should take to get to the table and close.

    Hope this gives you some of the info for which you are looking.

    Leave a reply

    Register New Account
    Reset Password