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Rainer
367,602
Raoul Loustaunau
REALTY ONE GROUP - Phoenix, AZ
urhomefinder.com myvaluetoday.com

Depends on the type of loan Hank, hard money they are fast  5 to 10 days , mortgage brokers 20 to 30. i dislike banks because they always close late or don't close because the did not ask the right questions .

Feb 16, 2015 09:54 PM
Rainer
279,248
Dipti Thakkar
LAER Realty Partners - Andover, MA
On a team with Praful Thakkar

We had one in about 11 days.

Jun 25, 2018 11:11 PM
Rainmaker
4,431,972
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Two weeksis the shortest. Longest is 60 days.

Feb 16, 2015 11:20 PM
Rainmaker
2,970,381
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

5 days was the shortest; average is probably 20-25 days; longest -- must have been so bad I blocked it totally out of my mind!

Feb 16, 2015 09:09 PM
Rainmaker
629,063
Ajay Pandya
e-Merge Real Estate - Columbus, OH
Realtor Ajay Pandya

Within a week. Average 30 days and longest, I don't remember....

Feb 12, 2018 09:44 PM
Rainmaker
3,049,771
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

haven't tracked it - nothing unusual

Jun 19, 2017 05:04 AM
Rainmaker
1,477,056
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

I had few very long escrows, but only because the buyer was hopping from one lender to another: looking for better terms, or due low appraisal.

Feb 17, 2015 04:54 PM
Rainmaker
1,477,056
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

9 days for FHA for REO house and it was done by Wells Fargo lender. He was our last hope. It was with a different lender for about two months and due to many issues with the property, it did not go well.

Feb 17, 2015 04:48 PM
Rainmaker
2,394,715
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

One week, FHA.  The stars were aligned...

Feb 17, 2015 11:01 AM
Rainmaker
3,977,511
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

7 days and it was an FHA.  Usually 21-45 days.

Feb 17, 2015 05:58 AM
Ambassador
4,298,221
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Shortest - even I was surprised Hank Dugie - just 13 days!

Longest - I do not recollect any however, had one for about 70 days or so. Not much though I guess.

Feb 17, 2015 05:54 AM
Rainer
11,895
Gary Branscombe
Realtypath LLC - Advantage - Salt Lake City, UT
Your Preferred Realtor in the Salt Lake City Area

15 days for me. 

Feb 17, 2015 04:47 AM
Rainmaker
355,975
Bill Dandridge
Berkshire Hathaway HomeServices YSU - Durham, NC
GREEN, ABR, GRI, EcoBroker

The fastest for me was two weeks. The longest was short sale, and that took over four months.

I believe that the average is between 30-45 days.

Feb 17, 2015 04:05 AM
Rainer
221,731
Caroline Gerardo
CMG Financial - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

I've done them in 5 days with everyone working

Feb 17, 2015 03:40 AM
Rainmaker
4,796,451
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I'm seeing about 30 days for the average from the big banks.  Though, I've had some drag out.  The longest I've had was just shy of three months.  The shortest was with a portfolio loan from a local bank at 7 days.

Feb 17, 2015 02:32 AM
Ambassador
906,534
Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com

The fastest for me was 7 days. The longest and still working a short sale 1.5 years. 

Feb 17, 2015 02:31 AM
Rainmaker
1,935,082
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

VA loan from today's purchase and sale agreement signed to closing 22 days down the road. You have to be in the right triangle of lawyers, appraisal, bank "loan arrangers" for the hi ho silver, away to the real estate closing.  Cash sale of land, same day. Owner financed land sale, same day. See it, like it, buy it now. Almost drive through window quick.

Feb 17, 2015 02:16 AM
Rainer
16,942
Julie Granahan
Keller Williams Seattle Metro West - Seattle, WA

All I can say is I will not work with big banks anymore. 

Feb 17, 2015 02:02 AM
Ambassador
659,208
Paul McFadden
Paratex - Seattle, WA
Pest Control, Seattle, WA.

The longest was a rehab. loan. I think it was 74 days and not that fun. The lender was the only one who could do it and it was very slow. Thank god my client was understanding!

Feb 17, 2015 01:56 AM
Ambassador
659,208
Paul McFadden
Paratex - Seattle, WA
Pest Control, Seattle, WA.

When I was in the business 9 days. 9 days and not business days. It was cool!

Feb 17, 2015 01:54 AM
Rainmaker
96,161
Shannon Thomas
Selling Indy Metro, LLC - Avon, IN
Managing Broker, E-Pro, ABR,SRS, SFR

5 days for me to.  It was an emergency.  The buyer had $5000 in earnest money that I advised not to put down but they did anyway.  Their bank with 6 days to close said they couldn't close on time.  The sellers were going to keep their earnest money instead of extend.  We switched to a lender that we refer to all the time and did  and they closed in 5 days.      

Feb 17, 2015 01:52 AM
Rainmaker
401,896
Matt Brady
Skyline Home Loans - Del Mar, CA
Lending With Competence And Character

We just closed a VA loan in Chula Vista in 12 days! Conventional can be done a little faster but new regulations for waiting periods makes 10 days about the fastest you can do with appraisal and disclosure. Speed is one of our big advantages over big banks!

Feb 17, 2015 01:17 AM
Rainer
333,646
Raymond Denton
Homesmart / Evergreen Realty - Irvine, CA
Shady Canyon Specialist

21 days and 47 days - both for Reverse Mortgage purchases.  The 47 days happened because the Seller couldn't locate his Title Abstract, so we lost two weeks.

I can't close one in 21 days at my Bank, but my friend, Cliff, does them in 21 days at his Mortgage Bank.  My average is 35 days.

Feb 17, 2015 01:12 AM
Rainmaker
51,992
Cathy Starkweather
La Rosa Realty, LLC. - Celebration, FL

10-days to close is the shortest for me and that was a US citizen with conventional financng.  The longest was 62 days with a foreign national which required all buyer documents by the lender be transcribed by a certified specialist from Icelandic to English.  The median is about 30-days.

Feb 17, 2015 12:54 AM
Rainmaker
597,216
Mitchell J Hall
Compass - Manhattan, NY
Lic Associate RE Broker - Manhattan & Brooklyn

I had one recently that took only a few days. The first bank was dragging it's feet and giving my buyer a hard time so I recommended he contact a mortgage broker I prefer. The loan commitment came in so fast even before the appraisal. Fortunately there were no appraisal issues, lender was cleared to close it went so fast the seller wasn't ready.

Average 15-30 days. Longest 60 + days.

Feb 17, 2015 12:19 AM
Rainer
66,039
Chris Webb
Nova Home Loans - Tucson, AZ
Tucson's Social Media Expert

We've closed in 7 days here at Lance & Company. We have seen some 10-14 days too. Average depends on the loan product and terms of the contract. 

Feb 16, 2015 11:39 PM