An Important Update
Azura, like many other financial institutions, is experiencing an unprecedented increase in demand for service within our home loan department. Due to this increase, we are experiencing extended closing times with some of our home loan products. In an effort to best inform our membership, we would like to share the current timelines for when you can expect your final documents to close on your home loan.
Closing averages updated as of Jan 12, 2021:
New home loan purchases: 30-45 days
Home loan refinances: 45-60 days
This is truly a very unique and challenging time. With an increase in demand for home loans due to historically low rates and the increase in home loan sales in our area, appraiser availability has decreased and turn-around time for important documents has increased. We are also in the midst of unique situations due to the current pandemic. Our number one priority continues to be ensuring the health and safety of our members and staff, while continuing to deliver the Above and Beyond products and service we are known for. We appreciate your cooperation and understanding. Thank you for choosing Azura.