How long does it take to close on a house? House Under Contract, now what? Week 3
How long does it take to close on a house? House Under Contract, now what?
Verify your mortgage eligibility (Apr 27th, 2024)Welcome to week 3! By this time, you're probably getting anxious - and super excited - to move into your new home. The good news is that there's not a whole lot of work for you to do during this period; on our end, we're getting to work on all things financing to bring you to the finish line.
As we head toward the completion of the loan process, we're working on receiving the coveted cleared to close. In layman's terms, this means that the underwriter has reviewed your entire file and approved your loan.
As long as nothing crazy happened between week 1 and week 3 (like you maxed out every credit card you own or lost your job), your loan will be approved, and you'll be ready to move forward.