Mortgage Process Timeline
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Mortgage Process Timeline

Michael Jensen, Mortgage and Finance Guru
, Mortgage and Finance Guru

Week 1

Get Organized

Determine What Size Mortgage
and Property You Can Afford

Check Your Credit Report

Credit Score Required for a Mortgage

Weeks 2-4

Select Real Estate Agent

Find Your Dream Home


Accepted Offer to Purchase Property

Weeks 5-8

Finalize Mortgage Application

Lock Your Mortgage

Settlement Agent Opens Escrow

Settlement Agent Orders Title Report

Lender Orders Appraisal

Receive Lender Underwriting Approval

Review Closing Disclosure (CD)

3 Day Closing Disclosure Review Period

Settlement Agent Orders Loan Documents

Review & Sign Documents

Fund Mortgage

Record Mortgage Documents

Close Mortgage!

Finish Line
  • %
    Current Mortgage Rates in Ashburn, Virginia as of September 18, 2020
    • Lender
    • APR
    • Loan Type
    • Rate
    • Payment
    • Fees
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    Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.
  • Sources

    "Understanding the Timeline." My Home by Freddie Mac. Freddie Mac, 2019. Web.

    About the author

    Michael Jensen, Mortgage and Finance Guru

    Michael is the co-founder of FREEandCLEAR. Michael possesses extensive knowledge about mortgages and finance and has been writing about mortgages for nearly a decade. His work has been featured in leading national and industry publications. More about Michael

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