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 first- 1Rocket Mortgage61 days3 reportsavg 2.7 mo · 45–137d
- 2Freedom Mortgage90 days4 reports · 3 closedavg 2.6 mo · 58–91d
- 3NewRez / Shellpoint126 days2 reportsavg 4.2 mo · 70–183d
- 4Truistlow data21 days1 reportavg 21 d
- 5M&T Banklow data46 days1 reportavg 1.5 mo
- 6Planet Home Lendinglow data90 days1 reportavg 3.0 mo
- 7Mr. Cooperlow data152 days1 reportavg 5.0 mo
- 8Wells Fargolow data175 days1 reportavg 5.8 mo
- 9Lakeview Loan Servicinglow data—1 report · 0 closedno closed reports yet
Newest reports
Sellers: VA assumption with M&T Bank "closed on day 46"; entitlement restoration quoted another 4–6 weeks.
- VA entitlement or VA approval
Buyer on day 40, all documents in, waiting on title; servicer estimating close ~Nov 26.
- Title or closing coordination
Sellers ~7 months under contract; packet submitted Jun 2, 2026 (subserviced via ServiceMac). Underwriting takes ~3 weeks per round and re-requests documents; CFPB complaint filed.
- Lost or re-requested documents
- Underwriting backlog
- No single point of contact
Same investor: Mr. Cooper "in the middle around 5 months" and "pretty bad at everything along the way."
- Slow to send the application package
Same investor: Rocket was fastest at ~4.5 months — rough at first, great once in final underwriting.
Investor who assumed three VA loans in a year: Wells Fargo "almost 6 months total" but "the best to work with."
Non-veteran spouse assumed the VA loan with Rocket; quit claim first, then VA forms. "It took about 2 months."
- VA entitlement or VA approval
Closed as buyers after a "3+ month timeline"; ~14 days on average to answer an email, processor never returned 50+ calls.
- No single point of contact