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A loan approval process should take anywhere from 1 day to 1 month, depending on the size and type of loan applied for, as well as the credit risk and underwriting needed for the borrower. loan approval process should take anywhere from 1 day to 1 month, depending on the size and type of loan applied for, as well as the credit risk and underwriting needed for the borrower.
I contacted my loan officer Wednesday (3 days ago) and he said the underwriter had logged into my file at 11:15 am and that it was at the final approval stage and that the process could take 24 hours. I've emailed and left a message on his voice mail but have not heard back from loan officer. This is for an fha loan.