How Long Does It Take to Get a Home Loan Approved in 2025?
It Depends—But You Can Speed Things Up
Asking how long it takes to get a home loan approved is a bit like asking how long a piece of string is. Every application is different, and timelines can vary depending on your financial situation, the lender, and how prepared you are.
That said, in 2025, most home loan approvals in Australia take between 3 to 10 business days, with full settlement typically occurring 4 to 6 weeks after approval. But if you’re organised—and working with the right broker—you could fast-track the process significantly.
Same-Day Approvals? Rare, But Possible
While uncommon, same-day approvals can happen. This usually applies to borrowers with:
- A straightforward financial profile
- Stable employment and income
- A low loan-to-value ratio (LVR)
- No need for a property valuation
In these cases, some lenders may issue instant conditional approval, especially if the application is submitted digitally and all documents are in order.
What Causes Delays in Loan Approval?
1. Incomplete Documentation
Missing payslips, unclear ID, or outdated bank statements are among the most common culprits.
2. Valuation Requirements
If a full property valuation is needed, this can add 3–5 business days to the process—especially if access to the property is delayed.
3. Lender Backlogs
When lenders offer competitive rates, they often experience a surge in applications, which can slow down turnaround times.
4. Complex Financial Situations
Self-employed applicants, multiple income streams, or recent job changes may require additional verification.
How to Speed Up Your Home Loan Approval
Disclose Everything Upfront
Be transparent with your broker from the start. Provide:
- Valid ID for all applicants
- Recent payslips and tax returns
- A breakdown of your assets, debts, and expenses
- Details about your goals and loan preferences
This helps your broker present a complete and accurate application to the lender—minimising back-and-forth delays.
Skip the Valuation Queue (If You Can)
Some lenders offer automated valuations or accept the contract price for low-LVR loans. In other cases, you may be able to arrange a valuation in advance—just check with your broker to ensure it’s accepted by your chosen lender.
Work With a Broker Who Knows the System
At CBM Mortgages, we help you:
- Choose the right lender for your timeline
- Prepare a complete application from day one
- Avoid common pitfalls that delay approval
- Understand your borrowing power and LVR
Want to see how we’ve helped others? Check out our blog on the approval process here
Let’s Get You Approved—Fast
Whether you’re buying your first home, upgrading, or refinancing, we’ll guide you through the process and help you get approved as quickly as possible.
Call us today on 02 8068 0534 or get in touch online to get started.
Further Reading:
- Download our Home Buyers guide here
- How Brokers help settle more loans
- First Home Buyer Grants – Revenue NSW
- Go to our dedicated web page for First Home Buyers
- Looking for a Sydney Mortgage Broker
Disclaimer:
The information provided in this article is for general guidance only and does not constitute financial or legal advice. It does not consider your personal circumstances. Before making any financial decisions, seek professional advice from a licensed mortgage broker or financial consultant. This content is protected by copyright laws and may not be modified, reproduced, or republished without prior written consent.
Written by Craig McDonald 15/06/2025
