Step 1. Mortgage Loan Officer pre-qualifies a homebuyer for a certain loan amount.

Step 2. Homebuyer makes purchase offer on home with assistance of real estate agent.

Step 3. If contract is accepted, home is placed in escrow.

Step 4. Buyer submits more detailed loan application, selects loan type and locks rate.

Step 5. Once applicant information is verified, title and property appraisal is ordered.

Step 6. Loan package is submitted to underwriting for final approval.

Step 7. Attorneys prepare closing documents.

Step 8. Participating parties sign loan documents.

Step 9. Loan is funded and recorded.

Step 10. Seller moves out, buyer moves in on agreed date.