Posted on: 16th Feb, 2009 10:06 am
I am looking for lenders who can do 203k Streamline loan. How many days do you need to close the loan? I have excellent credit and income to qualify.
Hi pmj,
Lenders generally take 45-60 days in order to close a loan. However, the time period also varies from lender to lender. You can contact the lenders of your area and check if you can get a streamline loan from them or not. You can also compare the rates and terms of the loan. This will help you to understand whether you will be able to afford the loan or not.
You can also speak to the lenders of this community and seek a no obligation free consultation from them. This will help you in knowing what type of rates you may expect. You will also get a fair idea of the market rates and terms.
Thanks.
Lenders generally take 45-60 days in order to close a loan. However, the time period also varies from lender to lender. You can contact the lenders of your area and check if you can get a streamline loan from them or not. You can also compare the rates and terms of the loan. This will help you to understand whether you will be able to afford the loan or not.
You can also speak to the lenders of this community and seek a no obligation free consultation from them. This will help you in knowing what type of rates you may expect. You will also get a fair idea of the market rates and terms.
Thanks.
any lender who offers fha loans can do a streamline refinance. as niicss mentioned, you can get information from any of us with the free consultation option on the link given. as for timing of a closing, i would have to agree that 45-60 days is not unreasonable, though with a streamline you ought to be able to close within 30 days if all proper documentation is in order and received in a timely manner.
