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How long from contract signing to get a loan committment? Lender stated 30 days... is this normal?

by smith.harriet5577 from Matthews, North Carolina. Nov 16th 2015 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

Prior to October 3rd, yes.. 30 days would be typical for closing a purchase.. however, on October 3rd, the new TRID rules went into effect.. and these new rules will most likely cause your loan to close later than 30 days.. so be prepared.. RE agents are being asked to put 45 to 60 days to close on contracts in preparation of the potential delays the new TRID rules pose.. so don't be surprised if it goes over the 30 day mark.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Nov 17th 2015
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