The Mortgage Approval Process, Step by Step

By Allen Krewzz

Published July 5, 2026Updated July 5, 2026

The Mortgage Approval Process, Step by Step

Step 1: Pre-Qualification

Step 2: Pre-Approval

Pre-approval is conditional, not guaranteed. Final approval still depends on underwriting, the appraisal, and your finances staying stable through closing.

The Mortgage Approval Process, Step by Step

Step 1: Pre-Qualification

Step 2: Pre-Approval

Step 3: Loan Application and Property Under Contract

Step 4: Underwriting

Step 5: Closing Disclosure Review

Step 6: Closing Day

What Can Delay or Derail an Approval

Common Mistakes

Conclusion