How Long Does It Take to Refinance a Home?

Refinancing your mortgage can be a smart way to save money—especially if you’re aiming for a lower interest rate, reduced monthly payments, or access to your home’s equity. But one big question tends to come up early: How long does it take to refinance a home?

Let’s break it down step by step.

The Short Answer

Most refinances take about 30 to 45 days from start to finish. However, your exact timeline depends on several factors—your lender, loan type, financial profile, and how quickly you provide the necessary documents.

What the Refinance Timeline Looks Like

1. Pre-Approval & Rate Shopping (1–5 Days)

Start by comparing lenders and interest rates. Pre-approval gives you a clear picture of what you can qualify for and helps speed up the rest of the process.

ALCOVA Tip: We make pre-approvals fast, friendly, and hassle-free, so you can move forward with confidence.

2. Submitting Your Application (1–3 Days)

Next, submit your application and upload your key documents. These usually include:

• Recent pay stubs and W-2s
• Your current mortgage information
• Bank statements and credit details
• Proof of insurance

When you act quickly and provide everything upfront, you help avoid delays.

3. Processing & Underwriting (7–20 Days)

After your lender receives your documents, the loan moves into processing and underwriting. During this time:

• An underwriter reviews your credit, income, and assets
• Your lender may order a home appraisal
• The team verifies that your loan meets all requirements

This stage often takes the longest. However, quick responses to any lender requests can help keep things on track.

4. Loan Approval & Closing Disclosure (3 Days)

Once underwriting wraps up and the loan gets approved, you receive your Closing Disclosure. By law, you must receive this document at least three business days before closing. It details your final loan terms, monthly payment, and closing costs.

Take this time to review everything carefully and ask questions if needed.

5. Closing Day (1 Day)

Finally, it’s time to sign your refinance documents. Depending on your state, you may need to wait an additional three business days (a rescission period) before the loan officially funds.

What Might Slow Things Down?

Even a smooth refinance can hit a few bumps. Common causes of delay include:

• Missing or incomplete documentation
• A low home appraisal
• Credit or debt-to-income issues
• High lender volume or staffing delays

You can avoid many of these roadblocks by working with a proactive, responsive lender.

How to Speed Up the Refinance Process

Want to keep your timeline tight? Here’s how:

• Prepare your documents early – Gather income, mortgage, and insurance info before applying
• Respond to your lender promptly – Time matters at every stage
• Hold off on big financial changes – Avoid new credit lines or large purchases until after closing
• Choose a lender who values speed and service – That’s where ALCOVA shines ✨

Ready to Refinance?

Refinancing doesn’t have to feel complicated. With the right team by your side, it can feel easy, even empowering. At ALCOVA Mortgage, we guide you through every step with clarity, care, and expert support.

Let’s find a better way home —together.
Start your refinance with ALCOVA ➜