Step 1: Get Pre-Approved

Pre-approval is the foundation of the home buying process. It determines how much you can afford and which loan programs fit your situation.

• Review credit, income, assets, and debts
• Compare loan programs and payment options
• Establish a realistic price range
• Strengthen your offer with verified financing

A strong pre-approval helps you shop confidently and compete effectively in the market. Many buyers work with a mortgage broker at this stage to compare loan options and ensure the pre-approval aligns with both their budget and the local market.

Step 2: Shop for a Home

Once pre-approved, you can begin shopping for homes within your budget. This step is about finding the right balance between price, location, and features.

• Work with a real estate professional
• Tour homes that fit your criteria
• Factor in taxes, insurance, and HOA costs
• Consider commute, schools, and long-term needs

Step 3: Make an Offer

When you find the right home, your agent will help you structure an offer that reflects the market and your financial comfort.

• Determine purchase price and terms
• Include contingencies (inspection, financing, appraisal)
• Submit earnest money as required
• Negotiate repairs or credits if needed

Step 4: Go Under Contract

Once the seller accepts your offer, the home is officially under contract. This is when timelines and deadlines become important.

• Schedule inspections
• Finalize loan details
• Order appraisal
• Meet contract deadlines

Step 5: Loan Processing and Underwriting

During this phase, your lender verifies documentation, finalizes loan details, and submits your loan for underwriting approval. This is also the ideal time to shop for homeowners insurance to avoid last-minute delays and unexpected costs.

• Provide updated income and asset documents
• Respond promptly to underwriting conditions
• Review loan estimates and required disclosures
• Lock your interest rate when appropriate
• Shop for homeowners insurance and confirm coverage early to help control monthly payment and closing costs (request an insurance quote)

Homeowners insurance is required for most mortgage loans and must be in place prior to closing. Premiums vary based on coverage selections, property characteristics, and carrier underwriting guidelines.

Step 6: Closing on Your Home

Closing is the final step where ownership transfers and you receive the keys to your new home.

• Review the Closing Disclosure
• Complete final walkthrough
• Sign loan and title documents
• Receive keys and take ownership

Home Buying Process FAQs

How long does the home buying process take?

From offer to closing, many purchases take around 30–45 days, though timelines vary by market and loan type.

Should I get pre-approved before looking at homes?

Yes. Pre-approval helps define your budget and strengthens your offer when you find the right home.

Can I change loan programs after going under contract?

In many cases, yes, as long as the change still meets contract and underwriting timelines.

Ready to Start the Home Buying Process?

We’ll guide you step by step, starting with a clear pre-approval and a plan that fits your goals and budget.

Disclosure: This page provides general information and is not a commitment to lend. Loan programs, rates, guidelines, and requirements vary by lender and are subject to change. Qualification depends on underwriting and complete documentation review.

NMLS: 80777
Licensed mortgage broker in Missouri, Kansas, and Louisiana.