The mortgage approval process after pre-approval typically takes 30 to 45 days, but this timeline can vary depending on several factors.
Here’s a breakdown:
🏦 1. Pre-Approval (Already Done)
You’ve provided financial documents (income, credit, debts, etc.)
The lender gives you a conditional green light for a loan amount
📄 2. Mortgage Application to Final Approval Timeline
Step-by-Step Timeline (Approximate)
| Step | Time | What Happens |
|---|---|---|
| Loan Application | 1 day | You submit a full mortgage application, often right after an offer is accepted |
| Processing | 3–7 days | Lender reviews documents, orders appraisal, etc. |
| Home Appraisal | 5–10 days | Independent appraiser evaluates the property |
| Underwriting | 7–14 days | Underwriter verifies your info, may ask for more documents |
| Conditional Approval | — | You may be approved pending some final documents |
| Final Approval | — | Once all conditions are met |
| Closing | 1–3 days | Loan is funded, and the property becomes yours |
🕒 Typical Total Time: 30–45 Days
⏱️ What Can Delay the Process?
Incomplete or missing documents
Issues with home appraisal (e.g. appraises lower than offer)
Credit issues or changes in your finances
Title problems (liens or disputes)
Busy lenders or market conditions
✅ How to Speed It Up
Respond quickly to lender requests
Avoid big purchases or job changes
Keep financial documents organized and updated
Work with a responsive real estate agent and lender