How Long Does A Bank Usually Take To Pre-Approve A Mortgage Loan?
- How Long Does A Bank Usually Take To Pre-Approve A Mortgage Loan?
if you submitted your application for a mortgage loan to the bank and want to know the time it will take to approve your application you will benefit from my expirience , Last Updated: Tue Feb 07, 2023
Wed Dec 31, 1969
since the real ststae bubble burts i finally can afford to buy a house here in california. interests rates are low at about 3.5% and home prices are 50% below what they used to be in 2005. so yesterday i applied to my local credit union for a $500,000.00 yes. that is not a typo. its half a million dollars. i am financing my new home with patelco because three years agi i got a home with them and the process was easy.
so now my question is. how long does the banks usually take to pre-approve a mortgage loan.. the answer is about a week. so dont lose patience. before you know it. they will vall you or email you with thei answer.
last time it took about a month for yhe whole orocess to complete from approval of the koan to the signing..