this post was submitted on 24 Jul 2023
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From Rocket Mortgage, a banking app.
“Overall, the average time to close on a mortgage – the amount of time from when the lender receives your application to the time the loan is disbursed – is 52 days, according to Ellie Mae. Conventional loans had the shortest turnaround times at 51 days, followed by FHA loans at 55 days and VA loans at 57 days.”
We’re talking about wire transfers, not closing on a mortgage. They take 3-5 days. I pay my loan to Rocket every month
“We” are not.
You are.
No, the entire thread is about wire transfers lol. There’s nowhere on Earth where you can close on your mortgage instantly