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Buying and Selling Homes

Underwriters Question

ownerbuilder-2008

13 years ago

Ok we made it to the top of the mountain again, well almost.

Our buyer has done everything the bank asked, Survey, appraisal, inspections and paperwork. Now their loan officer said it is in the hands of the underwriter.

My question can anyone tell how long this step usually takes to get the final approval from the underwriter?

Comments (2)

brickeyee
13 years ago
I have usually gotten answers in a few days.
chrisk327
13 years ago
it depends on the bank, could be a few days, could be 2 weeks, depends on their backlog. Ultimately, think of the loan officer as the gatherer and the underwriter as the decision maker.

Loan officers will request request and request and give a general check if we got everything, the underwriter makes the decision
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