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Escrow Periods for Purchases: Close in 15 Days

We can easily close purchases in 30 days whether they involve FHA, Conventional or VA financing. The exceptions, of course, are 203k (FHA Construction) Loans, which require at least 45 days to close.

If necessary, we have a couple lenders who will accommodate 15 day closes. We received a complete loan package on Monday for a “super rush purchase”, for example. We got our disclosures back yesterday from the borrower and submitted the file to Bay Equity. We got our formal approval today and ordered the appraisal.

We will have loan documents by Monday or Tuesday, and close next week for sure. If we have an organized and cooperative borrower and no major issues, 15 day closes are not a problem.

Call Jay Voorhees at (925) 855-4491

Real Estate Broker, CA Bureau of Real Estate, BRE# 01524255, NMLS# 335646