How Does the Mortgage Process Work IN General?
- By Jim Blackburn
- on
- 100 first time home buyer FAQs
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.
Get your pre-approval letter with same-day approval to start house hunting with confidence and make competitive offers immediately.
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.
Understand what documents you’ll need by reviewing our buy a house page which breaks down each step of the application process.
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! 🎉
Calculate your down payment and closing costs using the FHA Purchase Loan calculator or Conventional Purchase Loan calculator to prepare financially for closing day.
Want Help Navigating the Mortgage Process With Confidence?
Understanding each step removes the mystery and stress. Here’s how to move forward:
⚡ Begin with same-day approval to know your budget before house hunting
💰 Prepare financially using the FHA Purchase Loan calculator or Conventional Purchase Loan calculator
📚 Master each stage at our buy a house page
🤝 Build your team with agents from our realtors network
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
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
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.
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