Zillow Advice: Buying Process - How long does it take to complete the loan process and closing of a HUD home? http://www.zillow.com/advice-thread/How-long-does-it-take-to-complete-the-loan-process-and-closing-of-a-HUD-home/469207/ Zillow Advice | Zillow Real Estate Most are done within 10 days ... http://www.zillow.com/advice-thread/How-long-does-it-take-to-complete-the-loan-process-and-closing-of-a-HUD-home/469207/ <p>Most are done within 10 days of acceptance,15 with HUD&nbsp;, that info should also be in your contract packet.&nbsp;&nbsp;Contact&nbsp;your lender&nbsp;and see when they want you to proceed. Hopefully you have one lined up already. It may take a day or two for them to type the report.<br/>The inspection plays a part in lender approval process and most important your approval.&nbsp;They average $350 and show you whether you have a $3 or a $300,000 problem. In some cases their fee may be paid upfront or as part of closing costs.<br/>So you want to get it out of the way before the lender prceeds with the approval process and you find the house is held together with thumbtacks and duct tape.<br/><br/>The sooner you have your items taken care of, the sooner the lender can fund your loan, close , move and enjoy your piece of the american pie.<br/>Dog,picket fence and lemonade.</p> Thu, 22 Nov 2012 12:21:00 GMT http://www.zillow.com/advice-thread/How-long-does-it-take-to-complete-the-loan-process-and-closing-of-a-HUD-home/469207/ 2012-11-22T12:21:00Z Thank you. Is it required ... http://www.zillow.com/advice-thread/How-long-does-it-take-to-complete-the-loan-process-and-closing-of-a-HUD-home/469207/ Thank you. Is it required to get the house inspected before the loan is approved or should I wait until after? Thu, 22 Nov 2012 03:15:00 GMT http://www.zillow.com/advice-thread/How-long-does-it-take-to-complete-the-loan-process-and-closing-of-a-HUD-home/469207/ 2012-11-22T03:15:00Z In most cases the HUD has ... http://www.zillow.com/advice-thread/How-long-does-it-take-to-complete-the-loan-process-and-closing-of-a-HUD-home/469207/ In most cases the HUD has had the property appraised and the lender may be able to use that one. Ask your lender. It usually comes back in your executed contract packet from HUD. Your agent should've forwarded that info to your lender. That HUD appraisal saved my buyer time and money. &nbsp;Look to get your inspection. Hopefully your lending process goes smooth.&nbsp;HUD will&nbsp;usually give you 60 days to get everything in order for a financed deal. You can pay for an extension if needed. Thu, 22 Nov 2012 02:25:00 GMT http://www.zillow.com/advice-thread/How-long-does-it-take-to-complete-the-loan-process-and-closing-of-a-HUD-home/469207/ 2012-11-22T02:25:00Z