ROAD MAP TO CLOSING
The path to homeownership is an exciting journey that you will experience one step at a time. You can expect forward progress in the mortgage process at each one of these defined points in the process.
STEP 2 of 4
Underwriting
The loan officer will contact the borrower and gather any documentation necessary to submit the loan to underwriting.
Once underwriting reviews the loan, it may be necessary for the loan officer or loan processor to request additional information needed in order to secure an approval.
A loan approval must be obtained in order to start construction of the home. Once the loan is approved, the loan officer will provide the loan approval letter to the borrower and explain the conditions of the approval.