Loan Underwriting Timeline

How long after underwriting does a loan close?

Summary: Average Timeline for Closing

Mortgage Guide: What's the Average Time to Close on a House?

How long does it take for the underwriter to make a decision?

Under normal circumstances, initial underwriting approval happens within 72 hours of submitting your full loan file. In extreme scenarios, this process could take as long as a month. However, it's unlikely to take so long unless you have an exceptionally complicated loan file.

How Long Does Underwriting Take? Is 'No News Good News'?

What happens after your loan goes to underwriting?

Once your loan goes through underwriting, you'll either receive final approval and be clear to close, be required to provide more information (this is referred to as “decision pending”), or your loan application may be denied.

The Mortgage Underwriting Process Explained

Will underwriter approve my loan?

An underwriter will approve or reject your mortgage loan application based on your credit history, employment history, assets, debts and other factors. It's all about whether that underwriter feels you can repay the loan that you want. ... But a seasoned loan originator is the integral part of the whole process, he says.

Common Mortgage Underwriting Approval Problems