This avoids miscommunications and saves time. If anything else is required, the Processor will let you know. For VA and FHA loans, we must first coordinate with VA or FHA to order the appraisal. For VA loans, VA assigns the appraiser and must review the report prior to releasing it to Atlantic. Prepare the processed application to meet lender criteria.
Processing normally takes two weeks.
For VA or FHA loans, the time is normally three weeks. Upon receipt of your application, the lender will issue its own Good Faith Estimate and Truth in Lending Disclosure. This is to comply with mortgage regulations. They should closely resemble the documents provided you by Atlantic at your application. The lender may also require you to sign other disclosures to comply with regulations.