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It would depend on what type of loan you are doing. If you are doing a regular FHA loan, it should close in about 3 weeks. If you are going the HUD $100 down rout they seem to take a bit longer. Keep in mind that even when the financing is in place HUD/Pemco usually required 5 days to review the final numbers.f you are doing a regular FHA loan, it should close in about 3 weeks. If you are going the HUD $100 down rout they seem to take a bit longer.
Angie there are too many variables to guess. Most properties close within 30-45 days from it going under contract, cash sales will close quicker, conventional loans take about 30 dasy with fha loans taking about 45 days. If it is a short sale that was just put under agreement it could be 45 days up to 6 months. hope the sale you're referring to isn't one that type of sale. The banks aren't playing ball very well. I've had short sales get approved within two months, and others that have taken six months. I wish there were a magic answer for that question. If there is good news to be had, short sales are getting approved.