A step-by-step look at what to expect from your first conversation with me to closing day. Timelines vary by loan type and market conditions.
We start with a free, no-commitment conversation about your goals. Whether you're purchasing, refinancing, or just exploring your options, this call helps me understand your situation so I can walk you through the programs that may apply to you. There is no obligation to move forward.
When you are ready to move forward, you complete a loan application through my secure online portal. The application collects information about your income, assets, employment, and the property you intend to finance. Start your application here.
After your application is submitted, I review your file and work to issue a pre-approval letter. Pre-approval gives you a clearer picture of your purchasing power and signals to sellers that you are a serious buyer. Pre-approval is based on the information provided and is not a final loan commitment.
With your pre-approval in hand, you work with your real estate agent to find a home and submit an offer. Once your offer is accepted and you have a signed purchase agreement, we move into the active mortgage process. I stay available throughout your search to answer questions.
You will receive a Loan Estimate within three business days of completing your application. This document outlines the loan terms, projected monthly payment, and estimated closing costs for the program you are considering. We review it together and confirm the loan product that fits your goals.
Once you have a signed contract, we discuss rate lock options. Locking your rate protects you from market fluctuations for a set period while your loan is processed. Lock periods and available options vary depending on the loan program and lender.
For most purchase transactions, the lender orders an appraisal of the property. A licensed appraiser evaluates the home and provides an independent estimate of its market value. The appraisal helps ensure that the loan amount is supported by the property's value.
Your complete loan file is submitted to underwriting, where an underwriter reviews all documentation to verify that the loan meets program guidelines. This is the most detail-intensive phase of the process. The underwriter may issue conditions, which are additional items needed before final approval can be granted.
Most loans receive a conditional approval before a final approval. Conditions are specific items the underwriter needs to verify. These might include additional documentation, letters of explanation, or updated financial information. Responding to conditions promptly helps keep the timeline on track.
Once all conditions are satisfied and the underwriter has reviewed the complete file, your loan receives a Clear to Close (CTC). You will receive a Closing Disclosure at least three business days before closing, which details the final loan terms, monthly payment, and closing costs. Review it carefully and reach out with any questions.
At closing, you sign the final loan documents and pay any remaining closing costs and your down payment. For purchase transactions, ownership of the property transfers to you at this point. After signing, the loan funds and you receive the keys to your new home. Congratulations.
Every loan is different. Reach out anytime and I will walk you through where you stand and what comes next.