You have already gone through the preapproval process and you have had your offer accepted, now what are the next steps?
- Your Real Estate Agent sends the sales contract to your Loan Originator
- Once the Loan Originator receives the contract, they will work on the Loan Estimate
- You will then come in to sign disclosures
- The appraisal will be ordered
- Now your file will be sent to processing
- Conditional approval will be sent from lender for any further documentation that is needed
- Appraisal is now returned with value of home and any repairs that may need done
- You file will then be in line for clear to close
- Once your file is cleared to close you will then make an appointment with title company to sign final documents
- Your loan is now ready to fund!