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Once the sales contract has been executed, the time to close a loan is from 30-45 days. As with all process, your path is different and someone else’s path. To be prepared in the loan process will help alleviate stress of the uncertainty. Not to say it will not take longer to close.
In 2021, the average closing time was 52 days per Ellie Mae.

Closing Cost are fees you pay Lender/Broker to originate your loan. The fees are to include but not limited to appraisal, title search, home insurance. Different loan types may require different cost/fees.

Per CFPB, A credit score is a number that is used to predict how likely you are to pay back a loan on time. Credit scores are used by companies to make decisions such as whether to offer you a mortgage or a credit card. They are also used to determine the interest rate you receive on a loan or credit card, and the credit limit.

Per CFPB, Your credit reports and scores have an impact on your finances. Our resources can help you better understand them, learn how to correct errors, and improve your credit record over time.

Per CFPB -Several other companies also provide “educational” scores that might give you some sense of what your scores might look like. Your educational score can be different from the score a lender would use, and the differences can sometimes be significant. The CFPB published a report on these differences.