The industry average for the entire loan process in a normal market takes about 30 days. During high volume months, it can take longer to close - 45 to 60 days on average. In some instances, it can take less than 30 days. These are just averages based on industry data, but each individual is unique and your loan could take less or more days depending on your situation.
Related Articles
Mar 9, 2023
Crypto Investors Brace for Crackdown? Here’s what you should do
According to coverage in the Wall Street Journal, “the walls are closing in around crypto.” (The link is here, but…
Feb 7, 2023
Defy Mortgage Appoints Michael Rogan as Chief Operating Officer
February 7, 2023 – Nashville, Tenn. – Defy Mortgage, a national mortgage lender offering unique lending solutions for borrowers with…
Feb 1, 2023
What and who qualifies you for a loan?
When it comes to taking out a mortgage, many borrowers are looking at how to begin, including who qualifies them…
Jan 18, 2023
Top Mortgage FAQs. You have mortgage questions, Defy Mortgage has the answers.
Buying a home is the largest investment many Americans will make, and, especially for first-time homebuyers, this process will raise…
Jan 10, 2023
Defy Mortgage Created to Disrupt Traditional Mortgage Lending Norms
January 10, 2023 – Nashville, Tenn. – Defy Mortgage, a national mortgage lender offering unique lending solutions for responsible borrowers…
Jan 4, 2023
Mortgages for Entrepreneurs
Unlike W2 employees, who may show their paystubs as proof of income to obtain a mortgage, entrepreneurs have a more…
Dec 21, 2022
Interest rates are up. Interest rates are down. What does this mean for you?
Interest rates have been on a roller coaster since hitting all-time lows during the COVID-19 pandemic. During the pandemic,…