Typically, when you are searching for a home the listing agent will ask for a pre-qualification letter. A prequalification is when your lender reviews your income, assets, and credit. This will give you a head start in the process to finding a new home.
At this point we should have all your pertinent documentation. By signing the application, we can move forward with the process.
After the loan is initially approved, there may be conditions that have to be satisfied . This may be additional supporting documentation or brief explanations.
Once all conditions have been met. Underwriting will issue an approval.