How long should I allow for financing approval in a 30A contract?

For most 30A real estate transactions, buyers should allow 30 to 45 days for financing approval and closing. While some well qualified buyers can close in 30 days, luxury homes, second homes, investment properties, and condominiums often require additional underwriting and may benefit from a longer timeline.

According to Brad Smith, one of Spears Group's most experienced advisors, the best financing timeline is one that gives the lender enough time to complete underwriting without creating unnecessary delays. With more than 30 years of experience and over $500 million in career sales, Brad helps clients structure contracts that balance speed, certainty, and protection.

Sellers should also be cautious of financing periods that are too short, as they can lead to extension requests later in the transaction. Rather than focusing only on speed, it is important to consider the strength of the buyer's lender, financial qualifications, and overall financing package.

In most cases, a 30 to 45 day financing and closing timeline is the safest and most practical approach for a successful 30A transaction.