The Ultimate Guide to VA Loan Closing Time: How to Close Your Home Loan with Ease

Welcome to our comprehensive guide to VA loan closing time. If you’re a veteran or on active duty and are thinking about purchasing a home, then you’re in the right place. The VA loan program is an excellent option for military personnel, and getting through the closing process can be complicated. But don’t worry, we’re here to help you navigate every step of the way. In this guide, we’ll walk you through the entire VA loan closing process, from start to finish. We’ll also provide you with essential tips and tricks to help you close your home loan quickly and efficiently. So, let’s get started!

What is VA loan closing time?

VA loan closing time refers to the time frame between when you sign a purchase agreement and when you get the keys to your new home. This can typically take anywhere from 30 to 45 days, but it can vary depending on several factors. Closing time can be affected by how long it takes to complete the necessary paperwork, the home inspection, and the appraisal process. However, VA loans are known for their shorter closing times compared to traditional loans, so you can expect a relatively quick and smooth process.

Why is VA loan closing time important?

VA loan closing time is essential because it affects everything from when you can move into your new home to how much money you’ll need to bring to the closing table. Knowing the average VA loan closing time can help you plan for the expenses associated with closing, such as closing costs, prepaid expenses, and down payment. Understanding the timeline can also help you avoid potential delays and keep your home purchase on track.

How long does VA loan closing time take?

The VA loan closing time can take anywhere from 30 to 45 days, but there are several factors that can impact this timeline. The good news is that VA loans often have shorter closing times compared to traditional loans. A VA loan specialist can help you estimate the closing timeline based on your specific situation.

What factors can impact VA loan closing time?

Factors that can impact VA loan closing time:
Home inspection
Getting a home inspection can delay the closing process if the inspector identifies any issues that need to be resolved.
The VA requires a home appraisal to ensure the property is worth the amount you’re borrowing. If any issues are found during the appraisal, closing can be delayed.
Filling out the necessary documentation can take time, and submitting incomplete or incorrect information can delay closing.
Underwriting is the process of reviewing your loan application to determine if you meet the lender’s requirements. If there are any issues with your application, it can take longer to approve your loan.

How to speed up VA loan closing time

Fortunately, there are several things you can do to speed up the VA loan closing process. Here are some tips that can help:

1. Get pre-approved

Before you start house hunting, get pre-approved for a VA loan. This will give you a clear idea of how much you can afford and make the closing process more efficient.

2. Be organized

Keeping your paperwork organized can make the process smoother and prevent any delays. Make sure you have all the necessary documents, such as your DD-214 and proof of income, readily available.

3. Respond promptly

When your lender or VA loan specialist requests additional information, respond as quickly as possible. Delayed responses can hold up the process and increase the time it takes to close.

4. Schedule the home inspection and appraisal early

Scheduling the home inspection and appraisal early can help you identify any issues early on and give you more time to address them. This can prevent any last-minute surprises that could delay closing.

FAQs: Everything You Need to Know About VA Loan Closing Time

1. What are the closing costs for a VA loan?

Closing costs for a VA loan can range from 1% to 5% of the purchase price, depending on the lender and where you live.

2. What is the VA funding fee?

The VA funding fee is a one-time payment that ranges from 1.4% to 3.6% of the loan amount, depending on several factors, such as your down payment and whether you’ve used your VA loan benefits before.

3. Can sellers pay the VA funding fee?

Yes, sellers can pay the VA funding fee as part of the closing costs.

4. Can you roll closing costs into a VA loan?

You may be able to roll some or all of your closing costs into your VA loan. However, this will increase your monthly mortgage payment.

5. What is a closing disclosure?

A closing disclosure is a document that outlines the final terms and costs associated with your VA loan. You must receive this document at least three days before closing.

6. What is a settlement statement?

A settlement statement is a document that outlines the final costs associated with your home purchase. This document is provided at the closing table.

7. What happens if the closing date is delayed?

If the closing date is delayed, it can cause issues such as rate lock extensions or additional fees. Make sure to communicate any potential delays with your lender as soon as possible to avoid any problems.

8. How much money do I need to bring to closing?

The amount of money needed to close varies depending on several factors, such as your down payment and closing costs. Your lender or VA loan specialist can provide you with an estimated amount.

9. What is a rate lock?

A rate lock is an agreement between you and your lender that guarantees your interest rate won’t change during a specific period, typically 30 to 60 days.

10. What is the difference between pre-qualification and pre-approval?

Pre-qualification is a preliminary assessment of your financial situation to determine how much you may qualify for. Pre-approval is a more in-depth process that involves a credit check and income verification.

11. Can I use a VA loan to buy a second home?

Yes, you can use a VA loan to purchase a second home, but you must meet certain eligibility requirements.

12. Can I use a VA loan for a vacation home?

No, you cannot use a VA loan to purchase a vacation home or investment property.

13. How long does it take for a VA loan to be approved?

The time it takes for a VA loan to be approved varies, but it can take anywhere from a few days to a few weeks, depending on several factors. Working with a VA loan specialist can help expedite the process.

Conclusion: Closing Your VA Loan Made Easy

Closing your VA loan doesn’t have to be a daunting task. With the right information and support, you can navigate the process quickly and efficiently. Use the tips and tricks we’ve provided in this guide to help you prepare for closing day and minimize any potential delays. Remember, your VA loan specialist is always available to answer any questions and guide you through the process. Congratulations on your new home, and we wish you the best of luck!

Ready to get started?

Contact a VA loan specialist today to start the process of closing your VA loan and fulfill your dream of homeownership.


While we strive to provide accurate and reliable information, this guide is for informational purposes only and should not be considered legal or financial advice. The VA loan closing process can vary depending on several factors, and we recommend working with a VA loan specialist to ensure a smooth and efficient process. We do not endorse any particular lender or service provider mentioned in this guide, and we are not responsible for any actions taken based on the information provided. Always do your research and consult with a qualified professional before making any financial decisions.