Mortgage Process

Understand the steps from application to closing.

A typical mortgage takes 30 to 45 days. Learn the timeline and key milestones.

Conditional approval means you are approved subject to conditions. Learn how to clear them.

Final approval (clear to close) means all conditions are satisfied. Learn what happens next.

Mortgage funding is when the lender sends the loan proceeds. Learn how it works and when you get the keys.

After closing you receive the keys, set up payments, and your loan is boarded. Learn what to expect.

When your mortgage servicing is transferred, a new company collects your payments. Learn your rights and what to do.

After closing, set up your mortgage payment with your servicer. Learn how to set up autopay and when your first payment is due.

If your loan has an escrow account, the servicer sets it up after closing. Learn how it works.

Loan boarding is when the servicer adds your loan to their system. Learn what it means for you.

Loan delivery is when the lender sells the mortgage to an investor. Learn what it means for you.

Investors set guidelines that lenders follow. Learn how they affect your loan eligibility and terms.

Lenders perform compliance checks to ensure loans meet federal and state rules. Learn how they protect borrowers.