TYPICAL MORTGAGE TIMELINE

 

✅ Day 1–2: Apply for Your Mortgage

• Complete your loan application. • Submit required documents (ID, income proof, bank statements, tax returns). • Review and sign initial disclosures. • Credit report is pulled.

01/02/2025
 

✅ Day 3–5: Initial Underwriting Review

• Processor reviews your application. • File is submitted to underwriting. • Conditional loan approval is issued.

01/06/2025
 

✅ Day 5–7: Home Inspection

(Optional but Recommended) • Schedule a home inspection. • Negotiate repairs if needed.

01/08/2025
 

✅ Day 8–10: Appraisal and Title Ordered

• Appraisal inspection scheduled. • Title search initiated. • Shop for homeowners insurance.

01/10/2025
 

✅ Day 11–15: Insurance and Appraisal Finalized

• Appraisal report completed. • Finalize homeowners insurance and submit proof to your lender

01/15/2025
 

✅ Day 16–18: Submit Additional Documents

• Respond quickly to any underwriter conditions. • Processor works to clear outstanding items.

01/20/2025
 

✅ Day 19–21: Final Underwriting and Clear to Close

• Final review by underwriter. • Loan status updated to "Clear to Close."

01/22/2025
 

✅ Day 22–24: Review Closing Disclosure (CD)

• Receive your Closing Disclosure. • Review all final numbers. • Arrange wire transfer or certified funds.

01/23/2025
 

✅ Day 25–29: Final Walk-Through

• Inspect the property to confirm it's in the agreed-upon condition.

01/29/2025
 

✅ Day 30: Closing Day! 🎉

• Sign final loan and title documents. • Pay any remaining closing costs. • Receive your keys and celebrate!

01/31/2025