How Does the Mortgage Process Work

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How Does the Mortgage Process Work

1. Get Pre-Approved to Know Your Budget

Pre-approval is your first smart move. You’ll provide your lender with basic financial information—income, debts, credit history—and they’ll give you a pre-approval letter with a loan amount you qualify for. This helps you shop with confidence, knowing what’s in your price range—and shows sellers you’re a serious buyer.

2. Apply for Your Loan Once You Find a Home

After your offer is accepted, it’s time to complete a formal mortgage application. This step involves submitting supporting documents like:

  • Recent pay stubs
  • W-2s or tax returns
  • Bank statements

Your loan officer will guide you through every detail and help gather everything needed for the next phase.

3. Move Through Underwriting and Close the Deal

Once your application is in, the lender sends everything to underwriting, where your income, credit, and the home’s value are reviewed. If everything checks out, you’ll receive a clear to close. Then you’ll sign the final paperwork, wire in your down payment and closing costs—and get the keys to your new home! 🎉

Want Help Navigating the Mortgage Process With Confidence?

📘 Download our free “First-Time Buyer Game Plan” eBook — includes a full step-by-step mortgage checklist
💬 Chat live now to get pre-approved or ask questions about paperwork
📞 Schedule a call with a Stairway Mortgage advisor to walk through the process from start to finish

At Stairway Mortgage, we turn complex into clear—
so you can move forward with confidence, not confusion.

Ready to Take Your First Step?

Skip the guesswork. Take our quick Discovery Quiz to uncover your top financial priorities, so we can guide you toward the wealth-building strategies that fit your life.

  • Takes just 5 minutes
  • Tailored results based on your answers
  • No credit check required
Take the Discovery Quiz

Need a Pre-Approval Letter—Fast?

Buying a home soon? Complete our short form and we’ll connect you with the best loan options for your target property and financial situation—fast.

  • Only 2 minutes to complete
  • Quick turnaround on pre-approval
  • No credit score impact
Get Pre-Approved Now

Got a Few Questions First?

Let’s talk it through. Book a call and one of our friendly advisors will be in touch to guide you personally.

Schedule a Call

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