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This step can take a month or more. Receive notice from your school about your aid package. Fill out paperwork for student loans. Get money. Usually, student loan funds are disbursed during the first week of classes.
It usually takes about a week or so after you get your commitment letter (that states that your loan has been approved) before your lender gives you the go-ahead to close. Altogether, from contract to closing, if you are getting a mortgage loan, it takes between 45 and 60 days to close.f you need to get a mortgage, you will apply for a mortgage after your Attorney Review period is completed. This can be anywhere from one day to two weeks after you and the seller sign the contract of sale.