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The Stages of Your Mortgage Application

Landed | 26 Jun 2019

Use this guide as a resource to help you understand the various stages of your mortgage application process.

Our goal is to help you answer important questions like:

  • What are the steps in the mortgage process?
  • How long does it take for the underwriter to make a decision?
  • How long does it take to be approved for a mortgage?


stages of mortgage application (new)

Stages of Mortgage Application

Mortgage Pre-Qualification

  • You meet a lender's qualifications in order to get a mortgage pre-approval.
  • You have provided self-reported financial information to a loan officer. Based on your financial information, the lender will determine the terms of the mortgage you may qualify for.

Time Taken: 15 - 20 minutes.

Mortgage Pre-Approval

  • You have completed a mortgage application. The lender has verified your information and sent it to an underwriter for them to verify. In competitive markets, sellers want to see that you are pre-approved and can in fact afford the home.
  • Documents you may need to provide include: W2s, paystubs, asset statements, etc. You can refer to Landed’s Mortgage Application Checklist for an overview of basics and check in with your loan officer for details.

Time Taken: 1 - 10 days, varies by lender.

Mortgage Full Approval

  • Once an offer is accepted, the lender will verify your information for your loan to be approved by an underwriter.
  • Do not make any big purchases, change jobs, or do anything that will impact your mortgage.
  • This is the time period when you lock in your interest rate with your lender and know your final mortgage amount.

Time Taken: Varies by lender.

Congratulations! You are now ready to move into your new home.


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About the Author


Former educators on the Landed team created these materials to help you on your homebuying journey. Landed supports educators on the path to homeownership by providing a personalized team that includes a partner agent and a Landed homebuying expert. We help families navigate all of their options for buying a home, including our own shared equity down payment program. Our team provides free homebuying education and guidance as well as competitive offer reviews for educators. Landed works with K-12, college, and university employees in expensive metro areas like San Francisco, Seattle, Portland, Denver, Los Angeles, San Diego, and Hawaiʻi. To learn more visit landed.com.

Looking for Landed's down payment program? Due to a temporary unavailability of DPP investment funds, all Landed metro areas are being put on a DPP waitlist effective September 8, 2022. You can read all the details (including FAQs) here if you would like to know more.