How long does it take to process a loan application?

The processing time for a loan application at Caliber Home Loans may vary depending on several factors. However, our goal is to streamline the process and provide a timely decision. On average, it takes around 30 to 45 days from the time of application submission to loan closing. This estimate includes the time taken for the initial application review, gathering required documentation, property appraisal, underwriting, and final approval. It's important to note that the duration can be affected by various aspects such as loan complexity, availability of necessary documentation, and potential third-party delays. To expedite the process, applicants can ensure they provide accurate and complete information, promptly respond to any additional document requests, and work closely with our loan officers who will guide them through each step efficiently.