Overview of the Purchase Mortgage Process

Below is an overview of a typical purchase mortgage loan process. Depending on the type of loan you are applying for: Conventional, Jumbo, FHA, VA, Condos, Manufactured Homes, this process may vary. It’s meant to give you an overview of what to expect and what transaction milestones you’ll need to complete during the loan approval process. Before beginning the approval process it is important to understand how your credit score can impact your qualification for a loan.

Get Pre-Approved

A thorough Pre-Approval Process completed up-front, before you enter into a contract is the singular most important step you can proactively take to ensure a smooth loan process.

Finding a Home & Signing a Purchase Contract

Sign Loan Disclosures & Initiate the Loan Process

Submission of the Application Package to the Loan Processor

Submission to Underwriting

Conditional Approval/Underwriting Conditions

Select an Insurance Agent.

Review of Underwriting Conditions

Updated Worksheet Estimating Closing Costs & Cash-To-Close

Clear-To-Close

Closing Best Practices

CONGRATULATIONS, YOU ARE NOW A HAPPY HOMEOWNER!