5th Step in Buying a Home – Loan Approval and Closing
- gotten your pre-approval,
- chosen the right lender and mortgage loan for you,
- found a stellar real estate agent, and
- made an offer that was accepted on your favorite home?
Whew…you’re almost to the finish line. Now that you have a contract, the only thing left besides the packing and unpacking is to get approved on a loan and attend the closing.
Once you have an accepted contract it is time to contact your mortgage loan officer (the one you worked with when you were pre-approved) and start the process for loan approval. Your contract should allow for at least 30-45 days for you to get loan approval and close on your new home.
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Jackie Ahumada is a mortgage loan officer with UMB Bank. She has more than 10 years experience in the mortgage industry and more than 18 years in management of customer service delivery and operations.