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Home > Price & Lock |
Price & Lock |
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Program Name |
Loan Purpose |
Initial Underwrite Time |
Condition Resolution Time* |
Dry Funding** |
Conventional |
Purchase |
Approved by 8 AM |
2 Hours |
Same Day |
Refinance |
Approved by 8 AM |
2 Hours |
Same Day |
FHA |
Purchase |
Approved by 8 AM |
2 Hours*** |
Same Day |
Streamline Refinance |
Approved by 8 AM |
2 Hours |
Same Day |
All Other Refinances |
Approved by 8 AM |
2 Hours*** |
Same Day |
VA |
Purchase |
Approved by 8 AM |
1 Business Day |
Same Day |
IRRRL |
Approved by 8 AM |
2 Hours |
Same Day |
Cash-Out Refinance |
Approved by 8 AM |
1 Business Day |
Same Day |
USDA |
Purchase |
1 Business Day |
1 Business Day |
Same Day |
Refinance |
1 Business Day |
1 Business Day |
Same Day |
HECM |
Approved by 8 AM |
2 Hours |
Same Day |
Non QM |
Approved by 8 AM |
2 Hours*** |
Same Day |
Non Conforming |
1 Business Day |
2 Hours*** |
Same Day |
Note -: 1. *Condominium and Trust related conditions will take longer time for review.
2. ** Any file submitted before 10 AM PST will be funded the same day.
3. ***On certain occasions, some conditions require manual review. These conditions will not be reviewed within 2 hours, but they will be reviewed within 1 business day.
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