Can a Mortgage Close in 2 Weeks?

Yes, in fact some mortgages can be closed in less than 2 weeks.  The amount of time it takes to close a mortgage depends on how quickly you can provide us with all of the required documentation.

We have created a general timeline to show the steps of the mortgage process, and how quickly we can move through each step if there are no delays or complications.

Below is our home loan process drawn out for a target 10 day close. If together we are able to cooperate and work closely together on a scheduled plan, you may be able to close in 10 days or less.

2 Week Mortgage Closing Timeline

Day 1Apply for a home loan.  If you are approved, you will receive an approval letter with a list of requirements (conditions) which will be needed in order for your loan to close.  Your loan representative will provide you with clear direction so that you understand each requirement.

Day 2 – On the second day, you will want to order an appraisal for your property.  If you would like assistance locating a certified appraiser, we would be glad to help.  In addition to ordering your appraisal, send us all of the documentation listed on your approval letter. This usually includes your 2 most recent bank statements, pay stubs, and last 2 years tax returns.

Day 3-5 – You should hopefully have the appraiser come out and inspect your property within 2-3 days.  Be sure to only hire an appraiser that can accommodate to the urgency of getting your loan closed.  If they can not come out right away, find a different appraiser.  Aim to have your appraisal completed by day 5.  Immediately when you receive the appraisal, email it to us at info@fastclosemortgage.com.  During days 3-5 you should also expect notification that the documents sent in were cleared.

Day 6-10 – Receive response on appraisal. If any issues with appraisal, you will be informed of what the situation is and what may be needed. If approved no further actions are necessary.

Any other final requirements the underwriter may need must be sent in prior to closing.  Oftentimes, the underwriter may need further documentation to support a verification of employment, income, or another requirement.  Send these in and if they meet the conditions of what is required, you should receive a “clear to close” after the underwriter “signs off” on the final conditions.

Day 10Close your home loan.  We recommend a 10 day goal if you want a 2 week close in the event of any unforeseen complications or delays.

This is just a brief overview of the loan process and timeline for to close in 10 days or 2 weeks.  Each mortgage applicant is unique and not all borrowers have the exact same loan requirements that must be satisfied prior to the loan closing and funding.  To get an accurate timeframe for your loan, please speak with a loan representative.