Typical house purchase shutting times are exactly that — averages
In accordance with loan computer pc computer software business Ellie Mae, it took 45 times to shut a property purchase loan at the time of 2019 june.
This is basically the length of time it can take from application to “loan funding” — which will be once the house is officially yours.
You have not found a home to buy, your closing time frame will be longer if you have not yet applied, or.
Additionally, the sort of loan you can get can make a positive change. Ellie Mae breaks out average closing times by loan kind: