What is the average time it takes to close on a home?

October 29, 2019
Author: New England Home Mortgage

On average most homes can close in about 45 days. This is the timeframe from application to “loan funding”, which is when the home is officially yours. The type of loan program you get can also make a difference.

Average closing times by loan type:

  • Conventional: 44 days
  • FHA: 45 days
  • VA: 48 days

Although these are the average, keep in mind that every situation is different. A cash buyer can close in a matter of days for instance. If you are trying to close on a home fast, apply for a mortgage as soon as possible, even if you havent found a home to purchase.

Get started by getting prequalified today!

(860) 736-2747
37 W. Center Street, Suite 208, Factory Square, Southington, CT. 06489