Guide to the Mortgage Application Process

Buying a home can be an exciting – and stressful – time. There are a lot of steps in the mortgage timeline, on top of searching for the right home and planning to move. Whether you’re a first-time home buyer or have experience in the mortgage application process, we’re here to support you. Use this guide to learn more about common mortgage steps, what documents you’ll need to fill out your 1003 form, and find answers to your frequently asked mortgage questions. Then get in touch and let us know how we can help.

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Steps in the Mortgage Timeline

Getting Started

How Your Credit Score Affects Your Mortgage

Before you get started, it’s important to check your credit score and learn how it may affect your mortgage eligibility.

Pre-Approval vs. Prequalification

Heard of both but not sure which one is right for you? Compare how being prequalified or pre-approved for a mortgage could affect your chances at purchasing a home, as well as help determine your home-buying budget.

Meeting With a Mortgage Development Officer

Plan a meeting with a mortgage specialist, and get the answers to key questions about your borrowing options.

Mortgage Insurance

Planning to put less than twenty percent down? Learn how private mortgage insurance works (PMI) and if you’ll need it.

How to Prequalify for a Mortgage

Follow these steps to prequalify for a mortgage.

How to Get Pre-Approved for a Mortgage

Learn how to get pre-approved for a mortgage to help you move through the mortgage application process.

Submitting Your Mortgage Application

Mortgage Application Checklist

Use this checklist to help you gather any information or documents you’ll need to submit your mortgage application.

Processing Your Mortgage Application

Discover what to expect as you wait for conditional or final approval of your mortgage application, as well as additional steps you may need to take.

Finalizing Your Purchase

What is Escrow?

Heard the term but unclear as to how it affects you? Learn what escrow is, and how an escrow account will affect your monthly mortgage payments.

Mortgage Points

Discover how paying mortgage points at closing could change the amount of interest you pay over time.

Closing On Your House

Learn what to expect at closing, and the final steps you need to take to finalize your mortgage and the purchase of your new home.

After You Move In

Making Mortgage Payments

Mark the calendar for your first mortgage payment, and learn who to get in touch with questions or updates.

Additional Resources

Mortgage Term Glossary

Define key terms that you could run across as you apply for a mortgage.

Mortgage Clauses

Learn about the protections provided by property insurance provisions.