How long does a mortgage assumption really take?
Real timelines from buyers, agents and loan officers, ranked by servicer. 33 reports so far, median 106 days from application to close.
Servicer leaderboard
Fastest median first · servicers with 2+ closed reports ranked firstNewest reports
3% → 2.5% FHA assumption closed in April 2024; "the process took 5 months." Hired a third-party assumption helper after ~54 days with no progress; told of a 1,500-file backlog.
- Underwriting backlog
- No single point of contact