Refinancing a house typically takes between 30 to 45 days from application to closing, though the timeline can vary based on several factors such as the type of loan, lender processes, and third-party services like appraisals and inspections

Typical Timeframes by Loan Type

• Conventional loans usually take about 42 days (6 weeks) to close

• FHA loans take slightly longer, around 46 days (6.5 weeks)

• VA loans can take between 40 to 50 days (6 to 7 weeks)

Process Breakdown

• Application and Documentation: 1-2 weeks to apply and submit necessary paperwork

• Processing and Underwriting: Around 4 weeks for the lender to verify information and complete underwriting

• Closing: Typically 1-2 weeks to finalize the loan and disburse funds

Factors Affecting Timeline

• Availability and scheduling of appraisals and inspections.
• Completeness and accuracy of paperwork submitted.
• Complexity of the borrower's financial situation.
• Type of refinance (e.g., rate-and-term vs. cash-out).
• Some lenders offer expedited or "fast refinance" options that can shorten the process, potentially to as little as 15 days under ideal conditions

After Closing

There is usually a mandatory 3-day waiting period after closing (due to the Truth in Lending Act) before funds are disbursed, which typically happens within 3 to 5 business days following that period

. In summary, while most refinances close within about 30 to 45 days, the process can be faster or slower depending on individual circumstances, lender efficiency, and loan type. Preparing documents promptly and maintaining good credit can help speed up the refinance process