Eight Steps to Finance Property
6. Loan Approval
Loan approval by your Underwriter is likely to come with a set of "conditions". These
conditions are a whole variety of "picky" but very necessary items that your loan Originator
must obtain or satisfy before final approval.
At this point your Originator will be in close contact with you over these issues. It is
important that you respond to any of her requests quickly.
Once these conditions are satisfied you will receive a "Clear to Close" from the Underwriter.
Financing Steps
- Pre-Qualify Interview
- Housing Budget
- Documents
- Loan Application
- Good Faith Estimate
- Loan Approval
- Clear to Close
- Closing