Hi Brett,
You may be dealing with the "wrong" loan officer. I have had no difficulties closing my clients B of A FHA loans in less than 30 days. If you have been fully pre-approved it should not take that long.
Talk to your Realtor and get a "first-hand" referral to a good loan officer who can get the job done for you.
Good luck!

Sonia Eldar
Realty Executives of Nevada
(702) 296-0813
SoniaEldar@cox.net

Many people think that going to a major bank will allow them a better deal. That is not always the case. The big banks now are frearing their bottom lines and seem really scared to do any loans right now.

I had a person with 790 FICCO scores and coming in with $50,000 down on a $175,000 house and Wells Fargo could not do it without 7points!! That was almost $14,000 in closing costs to do the loan!

My prefered lender is amazing. He did her loan with only $36,000 down and no points in less than 20 days. If you would like to use him his name is James Clark with Neighbors Financial is direct cell is 702-349-9637. If he says he can do it, it's as good as DONE!

If you have any further questions or if I can be of help in any way, feel free to contact me. I am here to be of service! 702-788-0019.

Good Luck! Anna Wilk

I recommend my loan officer, Theresa Willis with Skofed. She does amazing things with loans. Some properties require you to prequalify with their loan officer, but you can finance with anyone you want.

My husband and I took our loan to John Ingram at Shelter Mortgage, they were AMAZING!! We wrote the offer and 29 days later it was fully funded and recorded !! We were originally going with Chase but would have had to wait the 45-60 days, so you do have options!!

Brett,

We've run into this situation all the time...as previously mentioned the giant lenders in BofA and Wells are very busy but loans can be closed in 30 days or less by other lenders who can do government loans the same way BofA can. My bank is a community bank and is closing most loans in 3-4 weeks and if you'd like to review my credentials and consider us an option, please do at http://www.Darrell-Evans.com and let me know if you'd like to talk about your situation. Good luck either way and congratulations

HI Brett,

I suggest looking for a lender that can close in 2 or 3 weeks. If Bank of America approved you, you can get approved elsewhere. Just look hard enough or put an application online at lower my bills or lending tree. im sure you can find someone who can close in the time frame you need. I'll see if i know anybody license in NV for you.

Danny Castagna
Sr Loan Officer
E-Mortgage Management
800-793-9633 ext 185
dcastagna@emmloans.com

Brett
You don't need to use B of A. If you have been approved for a loan, then you can get a loan from other lenders.
I would ask your Realtor for referrals. Wells Fargo, Chase, they can certainly help you.

It sounds like you have a property that you want, and that they have accepted your offer, right? If you are certain that you are going to buy that house, why not ask your Realtor to see if they can negotiate a short lease beforo you close escrow. I don't know what they may call it in NV, "Occupancy by Buyer Before Close of Escrow".

You can work with more than one lender. Many lenders are overloaded because they have not upped their staffing since the big meltdown a few years ago. Have patience, get creative.

I recommend the same lender to my clients to avoid this type of issue. You need to speak to another lender, the sooner the better. There are plenty out there that will be able to help you.

hi.....it would be a very simple thing to approach another lender that can close you in a fraction of that time....everyone is busy, but not that busy...it will not effect your credit.....also, i suggest that you ask your lender (when you do find a deal) to lock your rate a couple of weeks beyond the anticapated closing date.that way, if there is a delay..you're covered.........best of luck.let me know how you do.best regards...bob mcclure- success mortgage partners- plymouth, michigan....

You can rent a place, get a month to month lease. Good Luck