How Many Days Before Closing Do You Get Mortgage Approval?

Are you in the process of buying a new home and wondering how long it takes to get mortgage approval? Securing a mortgage approval is a crucial step in the home buying process. It provides you with the assurance that the lender is willing to finance your home purchase. However, the timeframe for mortgage approval can vary depending on several factors. In this article, we will explore the timeline for mortgage approval and provide insights into the process.

Understanding the Mortgage Approval Process

Before delving into the timeframe for mortgage approval, it’s essential to understand the overall process involved. The mortgage approval process consists of several steps that lenders follow to assess your eligibility for a loan. These steps typically include evaluating your creditworthiness, income verification, and reviewing your financial documents.


Lenders will consider various factors during the approval process, such as your credit score, employment history, debt-to-income ratio, and the type of mortgage loan you are applying for. It’s crucial to be prepared with all the necessary documentation and meet the lender’s requirements to expedite the process.

Factors That Influence the Timeframe for Mortgage Approval

Several factors can impact the timeframe for mortgage approval. Let’s take a closer look at some of these factors:

Credit Score and Financial History

Your credit score plays a significant role in the mortgage approval process. Lenders use it to assess your creditworthiness and determine the interest rate and terms of your loan. If you have a high credit score, the approval process may be faster compared to someone with a lower score. It’s essential to maintain a good credit history by paying bills on time and managing your debts responsibly.

Debt-to-Income Ratio

Lenders also evaluate your debt-to-income ratio (DTI) to determine your ability to repay the mortgage. A lower DTI indicates that you have a manageable level of debt compared to your income, making you a more favorable candidate for approval. It’s advisable to keep your DTI as low as possible to expedite the approval process.

Type of Mortgage Loan

The type of mortgage loan you are applying for can affect the approval timeline. Different loan programs have varying requirements and processing times. For example, government-backed loans such as FHA or VA loans may have different approval processes compared to conventional loans. Understanding the specific requirements for the loan you are seeking can help you anticipate the approval timeline.

Documentation and Paperwork Requirements

Submitting complete and accurate documentation is crucial for a smooth and timely mortgage approval. Lenders require various documents, including income proof, bank statements, tax returns, and employment verification. Failure to provide the necessary paperwork promptly can lead to delays in the approval process. Being organized and proactive in gathering and submitting these documents can help expedite the process.

Average Timeframe for Mortgage Approval

The timeframe for mortgage approval can vary depending on the factors mentioned earlier. On average, the process typically takes between 30 to 45 days from the time you submit your application to the closing date. However, it’s important to note that this is just an estimate, and the actual timeframe can be shorter or longer based on individual circumstances.

It’s worth mentioning that the borrower’s preparedness in providing the required documents and promptly responding to any lender requests can significantly impact the approval timeline. By being proactive and organized, you can help ensure a smoother and faster approval process.

Frequently Asked Questions (FAQ) about Mortgage Approval Timeline

How long does it typically take to get mortgage approval?

On average, the mortgage approval process takes between 30 to 45 days. However, it can vary depending on various factors such as credit score, debt-to-income ratio, and the type of loan being applied for. Being prepared and providing all required documentation promptly can help expedite the process.

Can mortgage approval be expedited?

Yes, mortgage approval can be expedited in certain cases. Some lenders offer fast-track or expedited approval processes for qualified borrowers. However, it’s important to note that expediting the process may require paying additional fees or meeting specific criteria set by the lender.

What can delay the mortgage approval process?

Several factors can cause delays in the mortgage approval process. These include incomplete or inaccurate documentation, issues with credit history, appraisal delays, title issues, or changes in the borrower’s financial situation during the approval process. It’s crucial to address any potential roadblocks promptly to avoid unnecessary delays.

Is it possible to get pre-approved for a mortgage before finding a home?

Yes, it is possible to get pre-approved for a mortgage before finding a home. Pre-approval provides you with an estimate of how much you can borrow and helps streamline the home buying process. It also signals to sellers that you are a serious buyer. Getting pre-approved before house hunting can save you time and give you a competitive edge in a competitive real estate market.


In conclusion, the timeframe for mortgage approval can vary depending on several factors, including credit score, debt-to-income ratio, loan type, and documentation requirements. On average, it takes around 30 to 45 days to get mortgage approval. However, being proactive, organized, and prepared with all necessary documents can help expedite the process.

If you are planning to buy a home, it’s crucial to understand the mortgage approval timeline and take the necessary steps to ensure a smooth and timely approval process. By maintaining a good credit score, managing your debts responsibly, and providing complete and accurate documentation, you can increase your chances of obtaining mortgage approval efficiently. Remember, the key is to be prepared and proactive throughout the process.

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