How long does it normally take after putting an offer on a house and being accepted to moving in?

Question

And also, do you start paying the mortgage from when you move in or from when your loan is approved and the property is officially yours?

Answer 1

After putting in an offer, it could take awhile.  Your loan needs to be approved and depending on your credit, the length of time could vary.  Also the seller may not immediately take your offer pending more offers.  Then they may return with a counter offer or deny your offer altogether.

You start paying mortgage once the title is transferred and the property is yours.  Your down payment is essentially your first mortgage payment.

Answer 2

I'm actually going through the process right now. We put an offer in on July 29,2008. After some negotiating, the offer was accepted on August 4,2008. On August 8th we submitted all of our personal and financial documents to the loan officer, and as of today we are still waiting on underwriting. We are scheduled to close on Friday, but that may be delayed if underwriting doesn't speed up. The longest process is waiting for the underwriter, because they have to review everything from financial documents, the appraisal, and all the title work in order to give the clear to close. My loan officer said on average it takes 30-45 days. He also said that our first payment would be due on the 1st after one full month. Example: we move in on August 29th, our first payment would be due October 1st.  Good luck.