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Steve Snyder, 310-948-8585 |100% LTV | Stated | Private Money (Private-Money-Loan.com)

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2,684,009
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

30 to 45 days.

Jul 08, 2016 12:14 PM
Ambassador
1,076,551
John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

3 weeks for a standard loan with no curveballs.  Just completed one with a ton of curveballs in 3 weeks.

Right now our biggest challenge is geographical --- in rural areas or obscure properties, getting an appraiser to accept an order and get it back in a timely manner

Jul 08, 2016 02:40 AM
Rainmaker
979,496
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Steve - The last sale I had could have probably closed in about 25 days, but the sellers had extended the COE from the beginning in order to provide themselves enough time to move out.

Jul 10, 2016 04:40 PM
Rainmaker
7,835,407
Roy Kelley
Retired - Gaithersburg, MD

30 to 45 days.

Jul 08, 2016 10:34 PM
Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Virtually all of my financed sales whether conventional, VA, FHA, etc. have been closing within 35 days.

Jul 08, 2016 09:52 PM
Rainmaker
989,652
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

30 -45 days avg

Jul 08, 2016 09:33 PM
Rainmaker
1,622,432
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Depends what is the issue to get A loan: credit, documentation, ratios, etc? I would not promise any fast closings in that case, if ever. 

Jul 08, 2016 06:36 PM
Rainmaker
2,224,473
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

30 to 40 days in my area. 

Jul 08, 2016 03:15 PM
Ambassador
3,164,269
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

25 to 35 days

Jul 08, 2016 02:39 PM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

From the time the loan officer gets the PA about 3 weeks tops.

Jul 08, 2016 01:03 PM
Rainmaker
2,310,576
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

All of mine are A Paper and they take 27 to 35 days.  I do a lot with Bank of the West and they are great at hitting the 30 day mark.

Jul 08, 2016 06:39 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Pardon my ignorance, but what is an "A-paper" ?

Jul 08, 2016 05:16 AM
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6,393,154
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

The last time I did a conventional it took 5 weeks, but since 2010 we have been keeping all of the mortgages for our investments "in house" and they take an hour for approval, and as soon as the title work is done we can close.

Jul 08, 2016 04:55 AM
Rainmaker
2,443,250
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

The quickest my loan officer has done in the past was 11 days but usually it is 3 to 5 weeks.  It just seems like forever.

Jul 08, 2016 04:39 AM
Rainmaker
1,725,996
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

It is now taking 30-45 days.

Jul 08, 2016 03:46 AM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

"hard money" has always had a negative connotation..... to my peeps, it's another option for many small builders to get in and out and make a buck....

Jul 08, 2016 03:10 AM
Rainer
24,099
Steve Snyder
Private-Money-Loan.com - Los Angeles, CA
310-948-8585 |100% LTV | Stated | Private Money

Thank you all for your comments. I had heard horror stories that it was taking 60 days. Nice to know it is hovering around a month these days. Thank you.

Jul 08, 2016 02:40 AM
Ambassador
3,587,835
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Steve less than 30  days in most cases. Always on time with the lenders we use - excellent lenders.

Jul 08, 2016 02:33 AM
Rainmaker
1,027,602
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

Recently had a VA loan close in 27 days. Conventional taking 25-30; have not seen any delays. 

Jul 08, 2016 12:51 AM
Rainmaker
1,239,801
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

33 days on last one.

Jul 08, 2016 12:30 AM