How Long Does It Take to Close on a Home?

When buying a house, the length of your closing period
depends on you and what type of loan you get.

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How long does it take to close on a home?

The length of the closing period depends on the buyer and the type of loan they get. Getting a loan constitutes the longest part of the closing process. If you don’t use a loan and buy your home with cash, however, you can close within 10 to 14 days.

The longest part of getting the loan itself is getting your documentation to your lender. Make sure you get your loan documents to your lender the same day they’re requested, or at the very least the next day. Once the whole process goes to underwriting, everything stops once the lender requests documentation. The faster you can get them that documentation, the faster you can get to closing.

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The faster you can provide your lender their requested documentation, the faster you can get to closing.

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Typically, the average closing takes anywhere from 30 to 45 days because appraisal times can take a long time to come to completion.

If you have any questions about how long it takes to close a home or you’re thinking about buying or selling a home, feel free to give me a call or send me an email. I’d be happy to help.