What's reviewed
- Income: that it's steady and documented
- Assets: your down payment, closing funds, and savings
- Credit: payment history and debts
- Property: the appraisal, title, and insurance
Conditions are normal
Most approvals come with a short list of items still needed, such as an updated bank statement or a letter explaining a deposit. Answering quickly keeps your loan on schedule.
How long it takes
Often a few days to a week, depending on the loan and how complete your application is.
Frequently asked questions
Does a condition mean something's wrong?
No. It's a normal part of the process.
Can I do anything to speed it up?
Send documents promptly and avoid new credit until closing.