The mortgage loan process
Day 1: Application
You’ve decided upon a loan program, and now you’re ready to complete a loan application with the help of your lender. The Mortgage Loan Application Checklist (pdf) can assist in making the process quick and easy.
This checklist details the documents and information commonly required. Gather the items and information listed before you visit your lender to apply for your loan. If you have already met with a lender to prequalify for financing, you may have given them some of this information. Even so, bring the documents with you again when you go back to apply for your mortgage.
Once you have completed the loan application, the lender will verify, or confirm, all of the information you provide. Typically, your lender will use an automated underwriting system (AUS) to help process your loan application. The AUS provides the lender with requirements for your loan. Based on these requirments, the lender may ask you for additional information.
Shortly thereafter, you will receive these documents from your lender:
