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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.
How long does it take to get approved for an FHA-insured mortgage loan? If youâre talking about the entire process â from the initial application to the final approval and closing â it might take anywhere from two weeks to two months.