Qualification Resubmission Timeframe?

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  • #65294
    ehill0520
    Participant

    Hello! Finally received conditions last Wednesday (21 days after submitting my file for qualification). Conditions were addressed same day. Just looking for some input on the turn around time after you’ve addressed your conditions and the file has been resubmitted? I’ve seen some people say 72 hours but it has been 120 as of now.

    Quite anxious, especially now that the interest rate is an even 3%…that’s the lowest I’ve seen it in my 6 month process so far.

    #65296
    Nelsont
    Member

    72 business day hours. Sundays, holidays and any other days the office is closed do not count toward those hours. This also does not take backlogs into account. Sometimes you hear back within a day sometimes it takes a week.

    As far as the interest rate goes, I would be anxious too but, you still have a ways to go before you can get to the locked in point. The rate can fluctuate daily. Just try to ease your mind by remembering whatever rate you get with naca is lower than the lowest possible rate you can get anywhere else.

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