30 Days to a New Loan

How long will your loan take from start to finish? That depends on several factors including the type of loan and contract closing date (purchases). The average loan closes in approximately 30 days. It may be longer or shorter depending on your circumstances, but below is a timeline for what you can generally expect on an average loan.

Day 1

Loan Application

Use our easy online application at www.amerifund.com/apply.

Day 2


Needs list is sent at time of application. Documentation is reviewed within 24-48 hours of receipt from you.

Day 3


Issued within 3 days of the Loan Application

Day 7


1-3 days for initial underwriting decision.

Day 17

Home Appraisal (If Required)

Averages 10 days from order to completion.

Day 21

Closing Disclosure

The Closing Disclosure (CD) is issued when the loan is approved. There is a 3-day minimum waiting period after acknowledging Closing Disclosure before closing documents can be signed with a Notary.

Day 24

Clear To Close

All conditions reviewed and cleared by lender.

Day 27

Closing Documents

Closing Documents are issued 1 to 3 days after all loan conditions are clear (also known as a Clear-To-Close).

Day 30


For owner occupied and second homes refinances, there is a 3 business day “right to cancel” waiting period between the day that documents are signed and the day that a loan can fund. For purchases and investment property, there is no waiting period. Typically a loan funds within 1-2 days of the signing of closing documents.

Please note: The above timeline is a sample, and not based on a specific example. This is not a promise or guarantee, but rather a general idea of what you can expect for an average loan. A loan cannot be processed in fewer than 7 days by law. For additional information, please call us at 800-570-5626.