Once you find the perfect home, you’ll likely want to jump on the opportunity as quickly as possible.

Unfortunately, if you haven’t already secured financing, you may end up missing your chance.


Closing on a home mortgage can take quite a bit longer than you might think. It’s not as easy as submitting your application and getting an immediate decision.

The mortgage application and approval process can take several weeks and depends on a number of factors.

So, how long can you expect it to take to close on a home mortgage?



Type of Mortgage

The time it takes for you to receive your mortgage may depend on the type of loan you are applying for.



Conventional Mortgage

Conventional mortgages are any loan that is not insured by the U.S. government. If you don’t have any special circumstances, this is probably the type of mortgage you’ll be applying for.

These can take as long as anywhere from three to six weeks.


The first couple of weeks involve the lender reviewing your credit report, getting an appraisal, and verifying your ability to make a down payment.

After you and the lender agree to terms, the loan is then sent to a closing agent to prepare closing documents.




FHA Loan

Federal Housing Administration (FHA) mortgages can take longer than conventional mortgages as the FHA does not provide the loans itself. Instead, the FHA insures loans provided by a third-party.


The extra time is a result of the lender having to send the mortgage agreement to the FHA for review and approval. Closing an FHA mortgage may take up to eight weeks.



VA Loan

Veterans Administration (VA) Loans may take longer for the same reasons as FHA loans.


The VA only insures mortgages, it does not lend money. In addition to the standard documents you have to submit for a mortgage application, you also have to verify your military service.

VA loans typically take around six to seven weeks to close.



Typical Timeline

Things That Can Delay the Process

There are a number of factors that can delay the mortgage closing process.

Mishandling of documents, appraisal delays, waiting for tax transcripts from the IRS, waiting to receive employment verification, and other events can delay the approval process.


However, one of the main factors that makes this process take longer than necessary is the applicant being unprepared to turn in required documents.

Your lender may not request everything that it needs all at once. Throughout the application process, your lender may contact you with various document requests. The best thing that you can do to ensure that the closing process is completed as soon as possible is to be prepared to hand over documents when required.



Start ASAP

In order to avoid missing an opportunity due to a prolonged mortgage application process, you should begin the process as soon as possible.

You should start by getting pre-approved for a mortgage. You can get pre-approved for a mortgage before you even start looking for a house. This will help speed up the closing process once you do find the house that you want to purchase.


Pre-approval may save you weeks when it comes time to apply for a home loan.

The bottom line is that there is no set timeline for closing a mortgage. Depending on your needs, it could take anywhere from two weeks to two months. As such, it is important that you get started on the process as soon as you enter the market for a new home.