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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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