Mortgage process

From planning to keys: what happens next.

A mortgage is easier to manage when you know which phase you are in, what the lender is reviewing, and which decisions belong to you.

Plan the decision

Start with the target payment, cash available, purchase timeline, property goals, and loan options.

Use the calculator or schedule a homebuyer consultation.

Review income, assets, debts, credit, loan program, and realistic property assumptions.

Move sensitive information into the secure mortgage process.

Coordinate the property search with financing strength, contingencies, closing costs, and offer strategy.

Mortgage and real estate should stay aligned here.

The loan file is assembled, documentation is reviewed, and property-related items are coordinated.

Respond quickly to document requests and avoid major financial changes.

The property is evaluated for value and eligibility while title, insurance, and transaction requirements are addressed.

Appraisal is not a substitute for a home inspection.

An underwriter reviews the borrower, property, documentation, and loan against the applicable program requirements.

Approval may include conditions that must be satisfied before closing.

Final conditions are satisfied and the transaction moves toward final disclosures and signing.

Review final cash-to-close and wiring instructions carefully.

Final documents are signed, funds are disbursed when applicable, and the transaction records according to the closing process.

Keys and possession follow the purchase agreement and closing instructions.