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JenMarie
One day at a time
Member since 11/07 7397 total posts
Name:
Jennifer
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FHA Mortgage - How long for closing?
If you have an FHA, how long was it between contract signing and closing? And if you don't mind sharing who you have your FHA with, that's be great. TIA!
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Posted 5/14/13 2:46 PM  |
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Prudential Douglas Elliman Real Estate
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Pomegranate5
LIF Adult
Member since 2/11 4798 total posts
Name:
Pomegranate5
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Re: FHA Mortgage - How long for closing?
It was less than 45 days from contract signing to closing.
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| Posted 5/14/13 2:49 PM |
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Kitten1929
LIF Adult
Member since 1/13 6040 total posts
Name:
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Re: FHA Mortgage - How long for closing?
60 days and mortgage is with Wells Fargo.
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| Posted 5/14/13 2:59 PM |
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BabyBoy
is Skylar Elizabeth
Member since 5/05 4189 total posts
Name:
Tom
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Re: FHA Mortgage - How long for closing?
less then 60 days and it was a short sale
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| Posted 5/14/13 3:01 PM |
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ElizaRags35
My 2 Girls
Member since 2/09 20494 total posts
Name:
Me
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FHA Mortgage - How long for closing?
Contracts signed in mid-August, Closed in mid-late October.
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| Posted 5/14/13 3:14 PM |
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MarsB
LIF Adult
Member since 11/10 1456 total posts
Name:
Martha
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FHA Mortgage - How long for closing?
I believe it was about 6 weeks. Originally it was with Continental Home Loans, but was switched over to Bank of America before our first payment was due.
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| Posted 5/14/13 4:06 PM |
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nraboni
Uggh...
Member since 10/09 6905 total posts
Name:
Nicole
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Re: FHA Mortgage - How long for closing?
Posted by Pomegranate5
It was less than 45 days from contract signing to closing.
This...our mortgage is with Citibank.
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| Posted 5/14/13 4:09 PM |
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alli3131
Peanut is here!!!!!!
Member since 5/09 18388 total posts
Name:
Allison
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FHA Mortgage - How long for closing?
Between 45 and 60 days. Wells Fargo.
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| Posted 5/14/13 5:07 PM |
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evrythng4areason
And then there were 4
Member since 1/10 5224 total posts
Name:
Kayla
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FHA Mortgage - How long for closing?
Contracts signed dec 20, we closed on march 8
Our mortgage was sold off twice though
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| Posted 5/14/13 5:21 PM |
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MrsG823
Just call me Mommy.
Member since 1/11 5570 total posts
Name:
S
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FHA Mortgage - How long for closing?
Ours took forever! Our contract was signed 11/18 and we went to closing 4/4. We knew before closing our mortgage was being sold to Wells Fargo.
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| Posted 5/14/13 10:52 PM |
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Re: FHA Mortgage - How long for closing?
I think it really depends on the lender, and the specifics of the deal.
An FHA loan (assuming it's not a 203(k)) shouldn't take any longer than a conventional loan to close. But a lot of the larger commercial banks do take longer. The quickest lenders, in my experience, are the local mortgage banks, such as U.S. Mortgage Corp. and Continental. If there are no issues with the appraisal or title, and both parties are ready to close, these banks routinely close transactions within 30-45 days of being in full contract.
I had a closing yesterday where the buyer was getting an FHA loan. We went to contract at the very end of March, and we probably could have closed a week or so earlier, but had to wait because of the seller's timeline.
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| Posted 5/15/13 7:27 AM |
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Xelindrya
Mommy's little YouTube Star!
Member since 8/05 14470 total posts
Name:
Veronica
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Re: FHA Mortgage - How long for closing?
Posted by Century 21 Dallow - Christine Braun
I think it really depends on the lender, and the specifics of the deal.
An FHA loan (assuming it's not a 203(k)) shouldn't take any longer than a conventional loan to close. But a lot of the larger commercial banks do take longer. The quickest lenders, in my experience, are the local mortgage banks, such as U.S. Mortgage Corp. and Continental. If there are no issues with the appraisal or title, and both parties are ready to close, these banks routinely close transactions within 30-45 days of being in full contract.
I had a closing yesterday where the buyer was getting an FHA loan. We went to contract at the very end of March, and we probably could have closed a week or so earlier, but had to wait because of the seller's timeline.
probably this. I was the holding factor for our sale. I had a lease to honor first. So we signed the contract in March or so and Closed in end May because my lease wasn't up until July 1. It gave me a whole month to settle in.
Wells Fargo (really was very simple with them, super easy!)
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| Posted 5/15/13 12:11 PM |
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