(Closed) How long did it take you to close on your house?

posted 6 years ago in Home
Post # 3
Member
1670 posts
Bumble bee
  • Wedding: September 2012

We’re going on a month and a few days.  Our closing got pushed back for the 2nd time, we were going to close yesterday, but now it’s next Thursday. The house is a forecloser (move-in ready though! BONUS!!) and we’re getting and FHA loan.  From what I’ve been told, FHA loans are the biggest pain in the butt because of all the paperwork required by the government. We are doing everything but promising our first born, but I’m sure I’ll get a phone call tomorrow saying we have to sign something saying they can have our first born.  Good luck to you though!!

Post # 4
Member
4606 posts
Honey bee
  • Wedding: March 2014

A little over a month. We submitted in early February, closed in April and I moved in at the beginning of May.

Post # 5
Member
999 posts
Busy bee

We did pre-approval in July. Our closing was set for 2 weeks after the sellers accepted our offer. But because we were doing a short sale, it got push back to mid-August because of waiting for BOFA to approve the short sale.

Depending on the bank and if you have to do an attorney closing or not, it can be as quick as 3 weeks. I recentually had to redo a mortgage for a member and it took me less than 2 weeks to send everything for a branch closing. But my attorney closings have been taking roughly 1 month.

Post # 6
Member
213 posts
Helper bee
  • Wedding: October 2012

Usually takes a month. When I sold my house, it took two weeks but they buyer had everything already set up. It depends on what issues you come across.

Post # 7
Member
505 posts
Busy bee
  • Wedding: July 2013

26 days, and it was a foreclosure! We were NOT going to pay another month in rent so we pushed for an early closing date and thankfully, everything worked out.

Post # 9
Member
7312 posts
Busy Beekeeper
  • Wedding: October 2011 - Bed & Breakfast

Rate locks are typically for 60 days.

We closed in 37 days. We could have closed sooner, but the seller specifically requested that closing date during contract negotiations. It was fine by us, and still allowed us to end our lease 2 weeks early.

Post # 10
Member
3375 posts
Sugar bee
  • Wedding: October 2011

It took us 45 days. I was DYING. I hear that this is common though. We had excellent credit and there was nothing wrong with our loan application, it just takes longer now.

PS I seriously hate mortgage companies. The asked us for the same information over and over and over again. Stupid stuff like employment history or bank statements. They drove me insane. And then at the end of the 45 days they checked again to see “if I still worked at my same job.”

Post # 11
Member
13101 posts
Honey Beekeeper
  • Wedding: July 2010

We went under contract on February 23rd and closed on our home and started moving in on March 30th.

We had already been pre-approved before we ever put in our offer.

Post # 12
Member
1545 posts
Bumble bee
  • Wedding: June 2013

We asked for a 60 day closing…. We made the offer and it was accepted in early – mid december and we closed on Feb 3rd. Painted for a week then officially moved in on Feb 11th.

Post # 13
Member
2161 posts
Buzzing bee
  • Wedding: July 2011

It was about a month or so.  It felt like forever.

Post # 14
Member
69 posts
Worker bee
  • Wedding: May 2013

One month, but that was emailing the loan officer daily

Post # 15
Member
772 posts
Busy bee
  • Wedding: December 2011

one month extra rent is cheaper than several weeks in a hotel.  Are you sure you will get your close date? Sometimes these things take longer than we want!

Post # 16
Member
4956 posts
Honey bee
  • Wedding: July 2012

I can’t remember, but I want to say about a month or so. But that was in 2004 when the market was different.

Now when I refinanced in my name only at the end of last year when I got divorced, it took forever! About 6 months start to finish. Partially due to my ex being an ass, partially because my mortgage lady changed companies TWICE during the process!

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