How long does it take to process a VA loan ?

  • September 26 2011 - US
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Answers (7)

Our average close time on a VA purchase is 21 days from start to fund, but it does depend on the complexity of the loan. This will vary from lender to lender, so it's a great question to ask up front. 

Feel free to reach out via Zillow and I can provide more info on the general process steps. 
  • November 13 2014
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Hi there, 

First and foremost I would like to say thank you for your service to our great country. My name is Jimmy Vercellino and I am a United States Marine Corps Veteran of Operation Iraqi Freedom Fallujah, and Mortgage Originator Specializing in VA Loans. 

To answer your question, the VA Loan, from start to finish should not take your lender more than 30 days to complete. Keep in mind that many lenders will often times say 45-60 days to process and complete, however this is NOT because of the VA Loan itself --but more so the lenders turn times on home loans. 

Should you have any more questions please don't hesitate to let me know. 

With gratitude,
Jimmy Vercellino  
  • October 19 2014
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Hamp, maybe Brandon knows Michelle and catching up.  I love it, "C'mon MAN"
  • July 08 2014
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Yep, she's probably still waiting. It's only been two years and ten months-ish. C'mom MAN!
  • July 08 2014
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Michelle this will be depend on the lender you are working with.  We usually take our loans from start to finish in approximately 21 days, but it does depend on the complexity of the loan.  Feel free to reach out and I can provide more info on the general process steps. 
  • July 08 2014
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Dear Michelle,

 

On 10-1-11 the Department of Veterans Affairs (VA) Loan Guaranty Service announced that LOANS CLOSED ON OR AFTER OCTOBER 1, 2011: Due to legislation affecting funding fees that has passed both houses of Congress and is awaiting the President's signature, lenders should not submit payments for loans closed on or after October 1, 2011, until further notice. This issue should be resolved within the next several days. If the President signs legislation, it will in effect keep funding fees at their FY2011 rates through November 17, 2011. This means the changes set to take effect per Circular 26-11-12, might only be in effect for a very short time.

 

For cases where lenders have closed loans with lower funding fees than provided in the new bill, the Secretary, under existing authority, will waive the differences in the fees.

 

For more news and announcements visit the VA link at http://www.benefits.va.gov/homeloans

 

Best regards…….JR

 

  • October 04 2011
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Hi Michelle,

You can count on the whole process to take as long as 6-8 weeks, although it is not unheard of for it to go a bit quicker. Personally, mine was done in about 2-3 weeks. There are several steps to the process. Apologies if you are already aware of them, but here are a couple of guides that I find helpful.

Look here for the official word: http://www.benefits.va.gov/homeloans/lp2.asp

Look here for a helpful reference to the process:
http://www.valoans.com/downloads/VALoans-101.pdf

Hope it helps, and good luck!! M~
  • September 27 2011
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