How long should it take for a mortgage closing?

We applied in April and were approved but still have not closed. We are about to lose the home we put a bid on. They are telling us it is the underwriters?How long should it take for a mortgage closing?
The best lenders can take a loan application on Monday and fund the loan on Friday. You move in that afternoon. Those are for people who are ';spotless'; in every way as borrowers.





On ';tougher'; loans, the closing might take 30 days as they check everything twice to make sure.





Go in person to the mortgage company and don't leave until the manager or owner gives you a date that the loan will ';fund';. Demand to know that.How long should it take for a mortgage closing?
Typically a closing is held within 30 days of signing the contract. The closing date should be stated! So read your contract.





We're seeing this all the time now -- going to closing and no funding on an ';approved'; mortgage application. There's no money. And you did not put enough down. Unless you are putting at least 20% down, have all closing costs in cash, your credit score is over 700, and you have an absolute minimum of 3 months' reserves (better, 6 months or more), the chances of you closing this deal are very poor.
There is something wrong with how your mortage lender put your package together or the lender they placed it with. Most mortgage brokers don't want to keep moving your mortgage because it costs them money to do it.





The lender may have changed their guidelines or cancelled the program they had you in.





I would go with another mortgage broker and not loose the house. It should only take 30 days but I have seen it take longer especially if it's a short sale house. Lenders freak out about those properties.