Profile picture for melmom8

What is the average time to close a VA loan? FHA loan?

I am trying to sell my home and the potential buyer is getting a FHA loan and the buyer of his house is getting a VA loan?  I want 30-45 days and they say it is more like 60+ days.  I dont want it to fall through and need to sell as I am paying 2 mortgages.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
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.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
May 07 2012 - US
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (6)

Profile picture for naomihaskins
Im buying VA and was told its 45 day minimum with 60 day maximum... As soon as you have a contract- he should get a closing date.
Good luck!
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
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.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
May 06 2013
30-45 days is the expected time to close on a VA/FHA loan. Unless there is an unforeseen problem.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
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.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
May 08 2012
The lender needs to step it up a notch. unless their are specified and required repairs on the property then it should take no more than 45 days to close on an FHA or VA loan. its all in the paperwork shuffle. good luck!
Rachel
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
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.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
May 08 2012
Profile picture for melmom8
The buyer kept stalling before by saying that his contract was to be signed any day and that was 3 weeks ago. My broker is also his on this house so she is getting higher commission. 

My buyer is getting USDA and his "buyer" is getting VA loan which he states is 60 days.

I am worried with all going on that his "buyer" will bail out and I will have lost 2 months in a market where I am already in the market for 3 months.
I also am paying mortgage on this empty house so not very happy.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
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.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
May 08 2012
I believe the buyer is stalling.  You should only have a 21 day contingency on the buyers ability to secure financing.  The buyer should know by then if the loan will close.  You are giving them too much time to walk if they have a longer time.  A typically closing should happen in your 30-45 days.  If they need a longer time, then I would want extra escrow money that is non-refundable and no contingencies longer than 21 days.  If they have a bad mortgage broker, tell them to find one that specializes in VA loans.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
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.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
May 08 2012
It really depends on the lender. The lender that I use closes my FHA deals in 21 days and V.A loans it takes him 30 days to close. If the lender knows what they are doing I don't see a reason why it would take 60 days.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
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.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
May 07 2012
 
Related Questions
How to sell the house by owner ?
Profile picture for jesus morales
Latest answer by jesus morales
3 hours ago | 7 answers
Selling 50%
Profile picture for jesus morales
Latest answer by jesus morales
3 hours ago | 2 answers
our you like it
How do I list a lot I would like to sell in Charlottesville Va.(in the county)
Profile picture for user6064703
Latest answer by user6064703
7 hours ago | 2 answers
Help listing my home For Sale
Profile picture for Vince Curtis
Latest answer by Vince Curtis
8 hours ago | 1 answers
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.