14/09/2026
'How long does the home loan process actually take?' π It's one of the most common questions we get, and the answer is: it depends. But here's a general timeline to give you an idea:
π Pre-approval: Usually 1β3 business days once your documents are in order
π Finding a property and signing a contract: Varies β this is entirely up to you!
π Formal approval (after contract signed): Typically 1β2 weeks, depending on the lender and complexity of your situation. This gives enough time to complete a property valuation, provide updated documents and perform any final checks.
π Settlement: Usually 30β90 days after contract exchange, as agreed in your contract of sale.
All up, most straightforward purchase applications take around 2β4 weeks from application to formal approval, but things like lender processing times, loan complexity, and how quickly you find a property can speed this up or slow it down.
The good news? A broker can help you avoid unnecessary delays by making sure your application is set up right from the start. π² Want a clearer timeline for your specific situation? Get in touch β link in bio.
π· Long Jetty Renovation π