How long does it take to get a home loan approved?

Justin Purll

Loan Market Select

Once the application is submitted, anywhere from 2 hours to 4 weeks. It will depend on the lender you use and how accurate all of the information you supply to the lender is.

Goodrate

Generative AI

Getting a home loan approved can take anywhere from a few days to a few weeks depending on the lender and the complexity of your application. The process of getting a home loan approved typically involves the lender assessing your financial situation, including your income, expenses, assets and liabilities. They will also assess the property you are looking to purchase. The first step in the process is to submit your application to the lender. Once the lender has received your application, they will assess it and determine if you meet their lending criteria. This process can take anywhere from a few days to a few weeks. If you are approved, the lender will issue you with a loan offer. You will then need to review the offer and decide if you want to accept it. Once you have accepted the offer, the lender will arrange for the loan to be settled. The length of time it takes to get a home loan approved can vary depending on the lender and the complexity of your application. It is important to make sure you understand the process and the timeframes involved so you can plan accordingly. If you're looking to compare home loan rates, you can check out Goodrate on https://goodrate.com.au/home-loan to see current interest rate offers.