How Long do HUD 223(f) Loans Take to Close?

HUD 223(f) Loan Closing Timelines 

How long does it take for a HUD 223(f) loan to close? The answer can vary based on variety of factors. These include the length of time it takes to perform due diligence on the borrower, as well as the length of time it takes to produce essential third-party reports on the property, such as Appraisals, Market Studies, and Environmental Assessments.

However, in most cases, it will take about 45-60 days after engaging with a lender for the application to be submitted to HUD. This is followed by another 60-90 day waiting period until HUD issues their commitment, and another 30-45 days to closing. In the best case scenario, a HUD 223(f) loan will take about 135 days, or 4.5 months from initial engagement to close. However, if complexities arise, the HUD 223(f) loan process could take 6 months or more. 


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