The following security code is necessary to prevent unauthorized use of this web site. If you are using a screen reading program, select listen to have the number announced. Enter the security code displayed above:Required field.
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.
When Things Go Wrong With Your Mortgage. Mortgage approvals take time. In a typical home loan market, 45 days is normal time frame. The time to get an approval, though, can change based on the market environment or how complicated a loan might be. For example, when mortgage rates are low and there's a refi boom on-going, closing on a loan take as long as two months.