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From Pre-Approval to Closing: How the Mortgage Process Works
Updated on March 2025
Table of Contents
At A Glance
- Pre-approval
- Home search
- Loan application
- Underwriting
- Closing
What are the steps in getting a mortgage?
The mortgage process follows a defined sequence—from financial review to final closing—designed to assess risk and confirm property value.
Understanding each step reduces stress and surprises.
Step-by-Step Breakdown
Step 1 — Pre-Approval
Lender reviews income, assets, credit, and debts.
Lender reviews income, assets, credit, and debts.
Step 2 — Home Selection
Offer accepted and contract signed.
Offer accepted and contract signed.
Step 3 — Application & Documentation
Pay stubs, tax returns, bank statements reviewed.
Pay stubs, tax returns, bank statements reviewed.
Step 4 — Underwriting
Final risk review and appraisal completed.
Final risk review and appraisal completed.
Step 5 — Closing
Loan funded and ownership transfers.
Loan funded and ownership transfers.
Common Questions
How long does the process take?
Typically 30–45 days.
Can my loan be denied after pre-approval?
Yes, if finances or property details change.
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