After your loan is approved, it will take at least a week or two to complete the transaction. The lender will draw up formal loan documents and handle the details. Whether you're buying or refinancing, the closing itself will probably take less than an hour.
Closing procedures vary throughout the country. If you are refinancing a loan, the lender will probably call you into the office to sign the documents. If you are buying a home, the closing will likely take place in the office of the escrow agent or attorney who oversees the transaction.
If you are buying a home, be prepared to: