Auto loans are much less money (typical home costs about 10x what new car costs), much shorter terms (3-6 yrs, not 30), much more standardized collateral (a Honda Accord is a Honda Accord, while each home is super unique based on location, building size, style, etc) so it’s quicker for a bank to approve. There are also additional steps involved in home purchases that take time, like a home inspection and subsequent negotiations, home appraisal, title search, in addition to much more in depth analysis of buyers financials.
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