
Mortgage Process · Step 3
Initial Underwriting
Video coming soon
Once your offer is accepted, underwriting begins. The underwriter evaluates the property, title, and the documents you provided to determine final approval and a list of any remaining conditions. This can take anywhere from a few days to a few weeks.
While in underwriting, keep things stable: avoid major bank movements, new credit applications, financing new furniture or appliances, or changing jobs.
A few items handled during underwriting
- Appraisal
- Updated title
- Escrow amounts
- Loan payoffs and any property liens
- Taxes
- HOA paperwork
