How long does the FHA approval process take?

How long does the FHA approval process take?

Reader question:“A close buddy whom recently bought a property making use of the FHA system stated it took him almost four months to obtain approved. We discover that to be unbelievable. Could it be always that slow? Just how long does the FHA home loan approval process just just take these days (in 2014), an average of? And exactly what do i actually do to speed it up?”

Once you’ve a finalized purchase agreement for the eligible home, the approval procedure could take anywhere from two to three days (from the quick end), or 2 to 3 months (in the long end). Continue reading “How long does the FHA approval process take?”