Profile picture for SERGE11

How long does it take a va loan to go through?

We had the appraisal done and it came in higher then what we currenly owe on are mortgage. Everything is ok, are credit scores, income and dept to income. How long should it take to process? We are refinancing but we currently do not have a va loan.
  • January 07 2009 - Hamilton
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

 
 

Answers (20)

Hi there, 

Thank you for you service to our great country! 

My name is Jimmy Vercellino and I am a United States Marine Corps Veteran and Mortgage Originator Specializing in VA Loans. To answer your question  the VA Loan process should not take more than 30 days to close. If for some reason it takes longer it's that specific lenders time-frames and not VA. 

We close VA loans in 30 days or less and in fact have 2 closing this month where we closed in less than 3 weeks. So if you have a lender telling you longer you may want to look for a second opinion. 

Please let me know if you have any additional questions. 

Semper Fidelis, 
Jimmy Vercellino
  • October 30
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

VA loans shouldn't take more than a month to get done. It depends on the lender that you go with, and how fast their turn times are. If you need help getting one done feel free to reach out through my profile. 
  • July 15
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for nrjnurses
I have been waiting for 3 months to refinance, I will never go with a lending mill that you cannot get to answer the phone, I faxed them documents and a week later they called me that  they did not  receive them. It has been a nightmare.
  • July 15
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

We can get a VA Loan done in about 4 weeks. If you are interested in looking more into it please get in contact! 

Good luck!
  • June 23
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for valoanlending6
[spam deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]
  • June 21
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for pohnpat
It has taken 8 weeks for me now, and still waiting. I wonder if I didn't give all papers they need. Hopless...
  • April 17
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for nykole0408
My VA process has been a nightmare.  It has taken 8 weeks so far, and we still have not received a clear to close.  I truly believe that this has everything to do with the lender that we are using.  If we ever get this loan closed I probably will not ever buy another home again.
  • February 03
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

I can get VA loans completed in 15 business days.

Let me know if I can be of any help.

Thanks!
  • December 10 2013
  • 2Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for user835894
We just closed on our first home with a VA loan.  It closed in 37 days.  I was in contact with my loan
officer every day to make sure she had all the documents.  Response time is key.  An hour turn around
time for requested documents.  A broken window was fixed before the VA appraiser looked at the home.  The termite report was completed and submitted as soon as possible.  Overall the whole process was
organized and clearcut.  We went with JPMorganchase and for a huge bank they (the loan officer) was
nice and easy to get ahold of.  However they mail stuff late.  I received the loan approval letter after we
had closed on the house.  My front end DTI was 47% and it was approved.  No credit card debt.
  • December 09 2013
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

The VA Home Loan process does not take any longer than any other type of loan that is available on the market today. Unfairly over the years VA has taken a bad name for the loan taking to long to close. Please understand that just because it may take a certain lending company 45-60 days or maybe more to close a home loan in general that does not mean its because of the VA. 

Our typical home loan process (from start to finish) takes around 21-30 days. The process can be quicker if a rush is needed. 

As a United States Marine Corps Veteran I have specialized in VA Home Loans and serving Veterans and Active Duty Military use their VA Home Loan Benefits. For more questions and answers you can visit my website or call me [self-promotional spam + contact information removed by Zillow moderator, see our Good Neighbor Policy]

Thanks!
Jimmy 
  • November 15 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for user5740728
A VA loan shouldn't take much longer than a regular loan - we were quoted 45 days and it is looking to close ahead of schedule.  This is my second VA loan and I have never had a problem.  I think VA loans can get a bad reputation because of extrinsic issues that people immediately tie to the VA loan but usually would cause problems for any type of mortage, e.g. income verification.  I was a government contractor as well after getting out of the military and the fact that your income may not be consistent would require additional supporting documentation under most loans, not just VA.  A lot of veterans have found that contracting work is a great employment option after getting out and so this type of "issue" might seem tied to the type of loan but really is about income verification. 

The only other thing is the appraisal. Because the VA requires only certain appraisers who are approved it can sometimes take longer. But again, we have not experienced delays that pushed off closing.
  • November 01 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

A VA loan should take no longer than any other loan product, 30-45 days. If the appraisal is ordered the day escrow opens there should not be any delays in closing.
VA loans should be respected and accommodated. These are vets whom want to experience the American Dream of home ownership. The loan guarantee is one of the best incentives granted for service. They should be taken care of and be encouraged to use their VA guaranty. I personally would much rather represent a military vet than an investor!
  • November 01 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for linda58tx
We have a buyer that is having a nightmare with his V.A. approval for buying our house..If we had known he was ging V.A. we would have not agreed to a contract with him...Wells Fargo mtg. is making this a living nightmare for him and us....he was preapproved and makes enough money  to coverthe loan amt...but since he works in the USA for a defense co and travels abroad to do some jobs for them ...the defense co won't release his last paycheck stub to the mortage co as it is a security/private issue for the customer of the defense co...he has the last two paycheck stubs and the third one shows he made more $ on the overseas job so the mtg co wants all the documents regarding that paycheck stub?????The buyer is really upset and we(the sellers) are more upset as we were to close on the house today and it's not happening...
If we ever sell another home it won't be to a buyer with a V.A. loan...and that is sad.. we already bought another home since the house was sold so we have been making 2 mortg. pmts, utility pmts and lawn care on this house while waiting for the closing to take place Nov.1st...  Wow is all I can say.
  • November 01 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

On average, it is taking about 30-45 days to close a VA loan. If refinancing, you can expect 20- 30 days 
  • April 27 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

It all depends on your lender and their staffing and volume.  A VA loan shouldn't take any longer than any other loan provided all your docuemntation was submitte promptly.  4-6 weeks is average for any loan, but your lender could be extremely busy due to volume.  Most lenders also prioritize purchases and the refinances are pushed off sometimes.  You should contact your lender to get a status update and also make sure they are going to honor your rate lock (if your rate is locked).  Good luck!

  • December 29 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for JenniferPayneWood
I would love it if it took 3-6 weeks. As of today, it is day 115 and still no closing date.
  • December 28 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

With any government program, they do typically take longer than a conventional process and underwriter.  Depending on your lender's staffing and support, you can see from 3-6 week turn times.
  • January 07 2009
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for Lindsey M. Bishop
The overall process of a VA loan from initial submission into underwriting to closing should not take more than 30 days.

The title work can take up to a week - was that ordered yet?

Once you have the appraisal seen and all conditions sent in you should be able to close within a week provided that once the underwriter reviews everything sent in they do not condition for additional information or send the appraisal into appraisal review. If you are asked to provide more documentation or the appraisal is sent into appraisal review it will take longer to get to the closing table.

Good Luck!

Lindsey :-)
  • January 07 2009
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

If the appraisal is done and all the supporting documents are in, then the processing and underwriting should take only 2 - 3 days. However, bear in mind that lenders are now getting "swamped" with mortgage application, so it may take a few extra days, possibly a week, and maybe 2 weeks on the outside.

  • January 07 2009
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for Ken Kopper
No longer or shorter than any other loan product. 
  • January 07 2009
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.