| Program Name |
Loan Purpose |
Initial Underwrite Time |
Condition Resolution Time* |
Dry Funding** |
| Conventional |
Purchase |
1 Business Day |
4 Hours |
Same Day |
| Refinance |
1 Business Day |
4 Hours |
Same Day |
| FHA |
Purchase |
1 Business Day |
4 Hours*** |
Same Day |
| Streamline Refinance |
1 Business Day |
4 Hours |
Same Day |
| All Other Refinances |
1 Business Day |
4 Hours*** |
Same Day |
| VA |
Purchase |
1 Business Day |
1 Business Day |
Same Day |
| IRRRL |
1 Business Day |
4 Hours |
Same Day |
| Cash-Out Refinance |
1 Business Day |
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 |
1 Business Day |
4 Hours |
Same Day |
| Non QM |
1 Business Day |
1 Business Day |
Same Day |
| Non Conforming |
1 Business Day |
1 Business Day |
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. ***For FHA loans on certain occasions, some conditions require manual review. These conditions will not be reviewed within 4 hours, but they will be reviewed within 1 business day.