06/26/2026
🏠 The Homebuying Process: Step by Step
Buying a home may seem overwhelming, but understanding the process can make it much less stressful.
Here's a simplified look at the typical homebuying timeline:
✅ 1. Pre-Approval
Meet with a lender to review your income, assets, credit, and loan options. This helps determine how much home you may qualify for before you start shopping.
🔍 2. House Hunting
Work with your Realtor to find the right home that fits your needs and budget.
📝 3. Under Contract
Once your offer is accepted, you'll sign a purchase contract and officially begin the mortgage process.
📄 4. Loan Processing
Your lender collects and reviews all required documentation, orders third-party services, and prepares your file for underwriting.
🏦 5. Underwriting
An underwriter reviews your income, assets, credit, employment, and property information to ensure the loan meets program guidelines. Additional documents may be requested during this stage.
🔎 6. Home Inspection
A licensed inspector evaluates the property's condition and identifies potential issues before closing.
📋 7. Appraisal
The lender orders an appraisal to determine the home's market value and ensure it supports the loan amount.
🎉 8. Clear to Close
The lender has received all required documentation and final approval has been issued.
🔑 9. Closing Day
Sign your final documents, receive the keys, and officially become a homeowner!
Most home purchases take about 30 days from contract to closing, though every transaction is unique.
Thinking about buying a home but not sure where to start? The first step is getting pre-approved.
Joe Capetillo | Loan Officer | NMLS # 2486943
956-245-9971 | [email protected]