Mortgage Loan Approvals

by First Time Home Buyer

Regarding time frames for mortgage loan approvals: How long is reasonable to wait for a decision on being offered a mortgage? I am currently into third week. Yours Truly, First Time Home Buyer


Mortgage Loan Approvals

Dear First Time Home Buyer, I wish I could tell you mortgage loan approvals take three days because that seems reasonable to me. But of course many conditions influence the time frame on a day to day basis.

Consequently for this reason, keep in touch with your lender and ask what you can do to speed up an answer. By the same token, your real estate agent knows pertinent questions to ask so enlist the help of your Realtor, your greatest ally when buying a house.

One way a home buyer can contribute to a timely transaction is to provide upfront documentation to the lender. Here is a list of items lenders need to process mortgages: Kate's Personal Mortgage Planner

I have provided links leading to information helping with how to buy a house at the bottom of this page for your convenience. I do hope you will let me know if you have more questions.

Visit How To Buy A House for solutions based on inquiries from other Contributors just like you.

Best Wishes,


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You can also ask Kate about your mortgage at Ask Kate About Buying a House.

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