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Buying & Selling Real Estate
HomeForumsBuying & Selling Real EstateHow long does it take for a portfolio lender to approve a loan?
Jeff Johns's profile image
Jeff Johns's profile image
Jeff Johns
  • Real Estate Broker
  • from Milwaukee, WI
  • Member since Jun 4, 2019
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Jeff Johns's profile image
Jeff Johns's profile image
Jeff Johns
  • Real Estate Broker
  • from Milwaukee, WI
  • Member since Jun 4, 2019
Connect
Jeff Johns
  • Real Estate Broker
  • Milwaukee, WI
6
Votes |
13
Posts
Buying & Selling Real Estate

How long does it take for a portfolio lender to approve a loan?

Jeff Johns
  • Real Estate Broker
  • Milwaukee, WI
Posted Nov 13 2019, 11:39

I am working with an FHA buyer and we are less than 1 week away from closing. Loan commitment has been delivered but underwriter has since quit and new underwriter is denying the loan. Sellers won't extend the closing so our options are limited. Does anyone know how long it would take for a portfolio lender to approve a loan?

Keller Williams
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