Applying for a Mortgage Steps (Important Info + 6 Steps)

There are many reasons why as a borrower, you would want to apply for a mortgage. The most obvious is that you cannot afford to buy the house in cash and need to make installment payments on it over the next 15 to 30 years.

Because the prospect of getting a mortgage can be daunting, it helps to break down the process of applying for a mortgage into steps.

First, a loan officer will ask you some questions and get basic verification of your income and credit score.


Getting a property under contract is a prerequisite to moving forward with the lending process because the bank will need to consider the property you are buying.

Getting a Property Under Contract

Once you apply, the loan officer will send it to the underwriter and order the home appraisal.


The underwriting process is where the lender seeks to understand you and the property as a borrower and get comfortable giving you a loan.


Click Below for the last two steps and more info on all steps.  There's Lots More!