Underwriting Process & Timeline
Once a property has been determined (your offer to purchase is accepted by the seller), the underwriting process usually takes around three weeks.
Your lender will:
- Order an appraisal.
- Complete a title search.
- Order a flood plain determination.
- Once the loan file is completed and the final underwriting approval is granted, your lender will contact you to set up a closing date and time.
- You will need to provide proof of Home Owner’s Insurance to your lender before your closing date.
- On closing date, you will be expected to bring valid identification and a cashier’s check for closing costs and down payment (if required).
If at any time you have a question, do not hesitate to call us or contact your lender.
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