✅ Step-by-Step Mortgage Checklist
Your Roadmap to Home Loan Approval
Applying for a mortgage doesn’t have to be overwhelming. This easy-to-follow checklist will guide you through each step of the mortgage process—from preparation to closing.
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1. Get Organized Before You Apply
Gather the following documents:
- ✅ Proof of Income – W-2s (2 years), pay stubs (30 days), or tax returns if self-employed
- ✅ Bank Statements – Most recent 2–3 months
- ✅ Credit Report – Check for accuracy; correct any errors
- ✅ Identification – Driver’s license or other valid ID
- ✅ Debt Documentation – List of monthly debt obligations (loans, credit cards, etc.)
💡 Pro Tip: Avoid making large purchases or opening new credit lines during this time.
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2. Get Pre-Qualified or Pre-Approved
- 🔍 Pre-Qualification gives you a rough idea of what you can afford
- 🧾 Pre-Approval is a deeper analysis with a letter that shows sellers you’re a serious buyer
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3. Determine Your Budget
Consider:
- Home price
- Down payment amount
- Monthly mortgage payment (use our Mortgage Calculator)
- Property taxes, insurance, and HOA fees
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4. Shop for the Right Loan Program
Evaluate your options:
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5. Submit Your Mortgage Application
Once you find a home and sign a purchase agreement:
- Submit all required documents to your lender
- Lock in your interest rate (optional)
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6. Underwriting & Appraisal
- Lender reviews credit, income, and property details
- Home appraisal is ordered to confirm market value
- Additional conditions may be requested—respond promptly
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7. Receive Loan Approval
Once approved:
- Review your Loan Estimate and Closing Disclosure
- Ensure all documents are accurate
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8. Prepare for Closing Day
- Perform a final walkthrough of the property
- Bring required ID and payment for closing costs
- Sign loan documents
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9. Get Your Keys & Move In!
Congratulations—you’re a homeowner!
📌 Download This Checklist
For offline access, download our printable PDF version here (link to downloadable PDF)
Have questions about the process? Contact us anytime for expert help.