What's the average time to secure a mortgage with current mortgage rates?

Asked on: 8/11/2025

This question has been asked1times.

The average time to secure a mortgage is typically 30 to 45 days, depending on lender processing times and documentation.

Estimated Duration: 45 days

Securing a mortgage involves multiple steps, including pre-approval, property appraisal, underwriting, and final approval. Current mortgage rates and lender efficiency play a key role in the timeline. To speed up the process, ensure all financial documents (pay stubs, tax returns, bank statements) are ready, maintain a good credit score, and respond promptly to lender requests. Shopping around for competitive rates and using a mortgage broker can also help streamline approval.