Pleasantly Surprised with Loan Underwriting Time
Just though I would pass this on. After hearing all the horror stories about mortgages these days I was worried that getting the construction loan setup would take a long time.
All my paperwork got to the bank on 4/2 and they just told me that I should expect to close on or before 4/20. That is less than 3 weeks.
I already owned the land so that probably made it easier. Either way I am happy with the process.
4.25% rate for the construction loan (not a jumbo loan)(Texas)