Credit-based insurance scores (discussed in detail below) are based on information in your credit report. The first thing you should know is that if GEICO does obtain a credit-based insurance score as part of calculating your insurance quote, the inquiry is labeled as being from the insurance company.
So how long does it take to clear underwriting and close the deal? An FHA loan can stay in the underwriting stage anywhere from two to six weeks, depending on how many issues come up. If you get a superstar underwriter, your file might clear his desk in a week or less.
My home loan was sent to the underwriter last Feb 5th 2013. They approved my loan in underwriting in 2 hours. Closed Feb 8th, 2013. Depends on the underwriter and how fast they work on it.I had a very strong file to begin with.I was prepared for the loan a year in advance.So make sure you have everything ready well before you even consider buying a home then your loan will be a brezze. Closed Fha loan 23 days.losed Feb 8th, 2013. Depends on the underwriter and how fast they work on it. I had a very strong file to begin with. I was prepared for the loan a year in advance. So make sure you have everything ready well before you even consider buying a home then your loan will be a brezze. Closed Fha loan 23 days.