How Long Does It Take To Get Approved Or Denied For A Loan?
In the usual market, it takes an average of 30 days to get a mortgage. If there are problems with your application, getting your loan approved could take much longer. It is advisable to start the mortgage application process as soon as possible to shorten this process.
Do you get approved for a loan right away?
Banks may approve you for a loan and give you the money within the same day, but the entire process of applying and getting funding could take several business days. Some credit unions offer same-day (or very fast) options.
What Is a Same-Day Loan and How Does It Work? - Experian
How long does it take to get full loan approval?
The average time for formal approval takes about four to six weeks from submitting the application to your lender, to reaching settlement on the property.
How long does it take to get a home loan approval?