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WHAT IS THE TIMELINE FOR A CLEAR TO CLOSE
WHAT IS THE TIMELINE FOR A CLEAR TO CLOSE?
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On average, receiving a “Clear to Close” takes thirty to forty-five days after applying for a mortgage. Still, several factors can expedite or delay this. Below is a general outline of what should happen:
Application: It usually takes one to three days to complete the initial paperwork and collect necessary documents.
Processing: This phase involves document verification and home appraisal, which may take one to two weeks.
Underwriting: Conditional approval is typically granted within one or two weeks.
Clear To Close (CTC): The final review happens here, so expect it within a few days of submitting the last document. How fast you avail records and underwriting smoothness determine efficiency.