how long does it take to qualify for a home loan
The entire application, underwriting and funding process could take anywhere from 30 â 60 days. If it takes less than 30 days, youâve got a highly efficient mortgage team. If it takes longer than 60 days, thereâs some kind of problem slowing things down.his is when the terms of the loan are established, and when the lender and borrower commit to the agreement. It might take anywhere from 1 â 5 business days to complete this stage of the process. 2. Processing and underwriting: Youâve agreed to the terms of the FHA loan, and youâve signed a document to that effect.