Planet Home Lending assumption timeline
2 community reports · #10 fastest of 12 servicers.
Median
90 d
Average
3.0 mo
Range
90–90 d
Average days by loan type
| Loan type | Reports | Median | Average |
|---|---|---|---|
| Not stated | 1 | — | — |
| VA | 1 | 90 d | 90 d |
Common holdups
- No single point of contact2×
- Slow to send the application package1×
- Underwriting backlog1×
- Not stated183+ days, still waiting
Agent: client under contract 6 months; PHL repeatedly says it lacks the paperwork/authorization already submitted.
- Slow to send the application package
- No single point of contact
- VATN90 days
Buyer closed a 2.5% VA assumption after "90 days of red tape"; seller conveyed part of their VA entitlement.
- No single point of contact
- Underwriting backlog
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