How much additional time does it take to get a SONYMA loan as compared with most loans?
It depends on the lender. Some lenders take 30 days or less from application to get a commitment from us. Others take longer. To see how many SONYMA loans each participating lender has submitted to us from your area and the average processing time from application to SONYMA commitment, click here. The typical SONYMA loan adds about one week to the processing time of a conventionally processed loan.
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