Purchase Road Map

Welcome to a step-by-step road map of the mortgage purchase process. Feel free to bookmark and reference this guide as often as you need throughout the process. Don’t hesitate to reach out with any questions!

You can click the buttons below to go directly to each phase.

Scroll down to see Stage 1

Pre-Approval

Step 1 - Qualification

Submit pre-approval application
Schedule a call (either zoom or phone) for a consultation with me through this online calendar

Step 2 - Documentation

Monitor your email for a detailed list of required documentation
Gather all documentation from the list in a timely manner
Scan/email, fax or simply drop-off a copy of the gathered documentation

Step 3 - Letter

Documentation reviewed to confirm details in application
Application run through automated underwriting (DU)
Pre-Approval letter issued

Scroll down to see Stage 2 – Application

Pre-Approval

Step 1 - Qualfication

Submit pre-approval application
Schedule a call (either zoom or phone) for a consultation with me through this online calendar

Step 2 - Documentation

Monitor your email for a detailed list of required documentation
Gather all documentation from the list in a timely manner
Scan/email, fax or simply drop-off a copy of the gathered documentation

Step 3 - Letter

Documentation reviewed to confirm details in application
Application run through automated underwriting (DU)
Pre-Approval letter issued

Scroll down to see Stage 2

Step 1 - Under Contract

Schedule an inspection on the property immediately after contract is fully executed
Confirm your Mortgage Originator has a copy of the contract (including disclosures)
Discuss and lock-in your mortgage terms and interest rate

Step 2 - Update Documentation

Monitor your email for a list of documentation to update
Gather all documentation from the list in a timely manner
Scan/email, fax or simply drop-off a copy of the gathered documentation

Step 3 - Disclosures

Application disclosures emailed to you via DocuSign
Click the emailed link to review, sign and submit the disclosures
Contact me directly if any questions or concerns

Application

Scroll down to see Stage 3 – Processing

Application

Step 1 - Under Contract

Schedule an inspection on the property immediately after contract is fully executed
Confirm your Mortgage Originator has a copy of the contract (including disclosures)
Discuss and lock-in your mortgage terms and interest rate

Step 2 - Update Documentation

Monitor your email for a list of documentation to update
Gather all documentation from the list in a timely manner
Scan/email, fax or simply drop-off a copy of the gathered documentation

Step 3 - Disclosures

Application disclosures emailed to you via DocuSign
Click the emailed link to review, sign and submit the disclosures
Contact me directly if any questions or concerns

Scroll down to see Stage 3

Processing

Step 1 - Appraisal Contingency

Obtain full appraisal of the subject property
Lender to review appraisal for concerns or required repairs
Once cleared by lender, appraisal contingency can be waived
Important to complete by appraisal contingency date of contract

Step 2 - Property Title Report

Sellers dictate title company for title report and settlement agent
Obtain a clear title report once the title search is completed

Step 3 - Update Documentation

Out-dated or expired documentation
Newly anticipated documentation as a result of the property valuation or title report findings

Scroll down to see Stage 4 – Underwriting

Processing

Step 1 - Appraisal Contingency

Obtain full appraisal of the subject property
Lender to review appraisal for concerns or required repairs
Once cleared by lender, appraisal contingency can be waived
Important to complete by appraisal contingency date of contract

Step 2 - Property Title Report

Sellers dictate title company for title report and settlement agent
Obtain a clear title report once the title search is completed

Step 3 - Update Documentation

Out-dated or expired documentation
Newly anticipated documentation as a result of the property valuation or title report findings

Scroll down to see Stage 4

Step 1 - Underwriting

If Denied – End of the process
Conditional approval – Work through and gather necessary documentation to satisfy the conditions of the approval
- Re-submit package to underwriting for review

Step 2 - Clear to Close

Once all conditions are satisfied, we are ‘clear to close’

Underwriting

Scroll down to see Stage 5 – Closing

Underwriting

Step 1 - Underwriting

If Denied – End of the process
Conditional approval – Work through and gather necessary documentation to satisfy the conditions of the approval
- Re-submit package to underwriting for review

Step 2 - Clear to Close

Once all conditions are satisfied, we are ‘clear to close’

Scroll down to see Stage 5

Closing

Step 1 - Closing Disclosure

Closing disclosures emailed at least 3 business days prior to closing via DocuSign
Click the email link to review, sign, and submit closing disclosure
Contact me directly if any questions or concerns

Step 2 - Mortgage Closing

Watch for one final email; detailing the closing location, date, time, and what to bring with you
Commence closing, signing entire closing package with a notary

Closing

Step 1 - Closing Disclosure

Closing disclosures emailed at least 3 business days prior to closing via DocuSign
Click the email link to review, sign, and submit closing disclosure
Contact me directly if any questions or concerns

Step 2 - Purchase Closing

Watch for one final email; detailing the closing location, date, time, and what to bring with you
Commence closing, signing entire closing package with a notary