FHA Loan Timeline: Day-by-Day Processing Breakdown
FHA loans in Colorado close in 25–35 days. FHA has more documentation requirements than conventional — MPRs, Amendatory Clause, case numbers, and sometimes manual underwriting.
Day-by-Day Timeline
- 1Day 1: FHA case number assigned
- 2Day 1–5: Application, disclosures, document collection
- 3Day 5–8: File submitted to processing, TOTAL Scorecard run
- 4Day 8–14: FHA appraisal ordered through AMC
- 5Day 14–18: Appraisal received, MPR review, underwriting submission
- 6Day 18–24: Conditional approval, conditions collected
- 7Day 24–28: Conditions submitted, second review
- 8Day 28–32: Clear-to-close
- 9Day 32–35: Closing
How CTC Manages This Process
FHA requires immediate case number assignment and FHA-specific appraisal. CTC manages both on day one and tracks MPR compliance throughout the appraisal review.
Frequently Asked Questions
What is an FHA case number and when is it assigned?
The FHA case number is assigned to the property (not the borrower) and must be obtained before the appraisal can be ordered. CTC assigns the case number through the lender on day one of every FHA file.
What are FHA Minimum Property Requirements (MPRs) and how do they affect the timeline?
MPRs are property condition standards (safe, sound, sanitary). If the appraiser notes MPR deficiencies, repairs must be completed and a 1004D re-inspection ordered before closing. This adds 5–15 days to the timeline.
Can FHA close in 21 days?
It's possible but uncommon. FHA requires FHA-specific appraisal (no waivers), case number assignment, and Amendatory Clause — all adding steps that prevent the same speed as conventional.