From Application to Approval

July 31, 2020


Once you’ve found your dream home and selected your preferred loan program, my goal is to get you into your new home as soon as possible. It generally takes 30 to 45* days to close on a home, and for most of that time, you’re waiting for the paperwork to wend its way through the system.


So what’s happening during that time? Here’s a quick breakdown of what the mortgage approval process generally looks like:


Throughout the entire process, I’ll be sending you regular updates on the progress of your loan, so you know where we stand and what’s next.


While you’re waiting for your loan to get approved, or even for closing day to arrive, you may be tempted to run out and buy all new furniture or make some other large purchase, but don’t do it! Here are some things you should do — and not do! — while you wait.






Do get a homeowners insurance policy.


Do keep current on all your bills.


Do stay at your current job.


Do make sure you can track the source and purpose of any large deposit you may receive. We will need to make sure you're not getting funds gifted to you if your loan doesn't allow for that!







Don’t apply for new credit (such as a new credit card, car loan, or financing for furniture or appliances).


Don’t make major purchases — even if you have money in the bank to do so.


Don’t liquidate funds.


Don’t make large deposits you can’t source.


Don’t ignore communications from your agent or me.



Any changes to your income, credit, or payment history can affect your ability to close on your loan, even if you’ve already been approved. We’ll run a final credit check just before the loan funds, and changes could derail the whole process.

*Closing times vary and are dependent on many factors. You may have a different experience with your personal financing


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