How long does it take to get a fha loan?
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Asked By: Jaquelin Effertz
Date created: Fri, May 14, 2021 1:24 AM
Date updated: Thu, Feb 16, 2023 6:13 PM
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Video answer: 2021 fha loan requirements
Top best answers to the question «How long does it take to get a fha loan»
- It usually doesn’t take four months to get approved for a mortgage loan, unless the borrower has a lot of underwriting obstacles or conditions that need to be resolved along the way. A well-qualified borrower can get an FHA approval much sooner than that, typically within 10 to 30 days.
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2 other answers
The FHA Approval process takes about 2-4 weeks The cost for FHA Approval is $765 – $850 The approval is good for 3 years The Condo Management Company will need to provide some documents.
How long does an FHA appraisal take and how long is it good for? An FHA appraisal is valid for 120 days. Eligible borrowers may be able to receive a 30-day extension. The FHA appraisal process typically takes the same amount of time as a conventional mortgage.
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