Start with a conversation
Discuss your goals, income, credit, down payment, and property plans with your loan officer.
Apply and begin prequalification
Complete your loan application and submit the documents requested by your loan officer for the initial prequalification review.
Discuss your loan options
After you have been prequalified, review available loan programs, estimated payments, and financing options with your loan officer.
Make an offer
Make an offer on a property and notify your loan officer as soon as your offer is accepted. Provide a copy of the accepted purchase agreement.
Review disclosures, appraisal, and rate-lock options
Review your initial Loan Estimate and loan disclosures, and sign the required acknowledgments. After you receive your Loan Estimate and indicate your intent to proceed, an appraisal payment link will be emailed to you so the appraisal can be ordered. Discuss whether and when to lock your interest rate with your loan officer.
Prepare your file for underwriting
Submit any additional documents your loan officer or processor requests so your file can be prepared for underwriting submission.
Underwriting and appraisal review
The underwriter reviews your loan application, supporting documents, and property appraisal. Additional information or conditions may be requested before final approval.
Complete final conditions
Submit the remaining underwriting conditions to your loan processor. Once all requirements are satisfied, underwriting can complete its final review and issue clearance to close.
Review, sign, and close
Review your Closing Disclosure and final loan terms, sign your closing documents, and arrange to wire your required funds to escrow. Confirm wiring instructions directly with your escrow company using a trusted phone number before sending funds.
This is a general overview of a home-purchase loan. Steps may overlap, and requirements vary by transaction. Loan Estimates and disclosures are provided within applicable required timeframes; their delivery does not depend on an accepted offer or completed document collection.