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Home Loan: Average Number of Days To Close On A Mortgage


Here’s a common scenario for homebuyers: let’s say you’ve already been pre-approved for a home loan when you find a house and your offer on it is accepted. After home inspections and the appraisal you feel like it’s smooth sailing into closing. And it can be, but if moving too quickly, there’s a chance for complications with the home loan that could cause the whole deal to fizzle. Here are some tips on how to prevent that from happening to you:

Know your timeline

How many days does it take to close on a mortgage? Or at least, what is the average in Nashville? To find the answer to that we reached out to our trusted expert from Churchill Mortgage, Michael Brown. Per Michael, the average number of days to close on a typical home loan in Nashville is 30 days. Keep in mind that this is just an average. Some loans, such as the USDA Rural Development and the THDA (first time homebuyer program) take a little longer since those loans are approved by both the lender and the USDA/THDA.

Once approved, rates are generally locked for 30, 45, or 60 days. Extensions can be granted occasionally upon request. Generally home buyers will want to have the process completed and the rate lock secured through the home’s closing date.


Tips to avoid delays

Michael also provided tips to avoid delays in the home loan process. Submitting income and asset documentation early in the process is important. It’s also imperative to work with an experienced home loan specialist as they know how to address any possible red flags up front. Michael says his team takes a full application, credit check, and requests all income and asset documentation at the very beginning of the process so that underwriters can review files at the pre-approval stage.


Already pre-approved and ready to start your new home search? Call DeSelms Real Estate today at 615.550.5565! Want more information on working with Michael and his team? Contact us with any questions!

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One Response to “Home Loan: Average Number of Days To Close On A Mortgage”

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