How long does it take to close a loan?

B

A typical purchase or refinance transaction takes between 30-45 days. Many variables dictate the length of a transaction, many of which are out of a lender’s control such as attorney review, title searches, appraisal inspections, seller requirements, etc. While every effort is made to meet the contractual closing dates in a purchase contract, the date is merely an estimated target and not set in stone; it can be and often is changed as the transaction progresses.