Mortgage Approval Timeline

Mortgage and Lending with Guaranteed Rate NMLS# 2611 NMLS #151088



The loan is submitted to processing (typically within 24 hours of the receipt of all required information)

The title will be ordered through the attorney and your appraisal will be ordered (as soon as the loan is submitted to processing)

The first set of disclosures will be mailed to you confirming the application is still accurate (within 3 business days of loan submission).  

The appraisal company will call the appropriate party to schedule appointment (within 1-2 business days of the order being placed).  FHA/A requires that all utilities must be on and functioning at the time the appraisal is performed. If not, a final inspection will be required.

Once the file has been processed, it will be submitted to the underwriting department for review (underwriting turn times continually vary based on current volume)

The underwriting process occurs verifying credit, employment, income, assets, appraisal review, etc. (from the time the loan is submitted until we clear your file for closing)

If you are refinancing and retaining your second mortgage, we will need to order a subordination agreement. This process could take anywhere from 3-15 business days, depending on the documentation required by the subordination company. (As soon as we have all necessary documentation, which could include appraisal and/or title.)

You need to call your hazard insurance company and have them begin the process of issuing a home owner's insurance policy.  You will also need to provide us with their contact information at least 15 days prior to your closing. All outstanding conditions are reviewed and approved for your loan to move to the clear to close status.

We receive the appraisal (generally within 1 week of the property being viewed)

If your APR has changed by more than .125% from your initial disclosures, a new set of disclosures will be sent to you for your records.

From the time of application, you will be provided with regular updates on loan status.

When your loan has been approved, you will be sent a notification that will list any conditions that are outstanding and that are required to be addressed. We must have all outstanding conditions returned to us within 7-14 days of your closing date in order to prevent a delay in your closing.

Once all conditions have been satisfied, your loan will be Cleared to Close.  The file will then move to the closing department.   

Closing department sends documents via email to closing attorney (generally within 24-48 hours of receiving the file).  For REO (foreclosure) purchases, most closing attorney's require the loan package from us at least 3-5 business days prior to your actual closing date.

IMPORTANT!!!! Do not make any changes to your employment, income, and/or credit status (increasing the balances on credit cards, home equities, etc.) until after the loan is closed. This could jeopardize your chances of getting approved.

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It is always advisable to consult with a knowledgeable lending professional when navigating today's turbulent mortgage and real estate marketplace.  I am committed, qualified and equipped to help you evaluate your options!


Also check out:

Conventional Financing Mortgage Program Overview/Updates

FHA Financing Mortgage Program Overview/Updates

USDA Financing Mortgage Program Updates  


Programs Include:


  • Conventional (Fannie Mae & Freddie Mac)

  • FHA, USDA, & VA

  • Jumbo to $3,000,000

  • Bank Statement Program for Self-Employed Borrowers

  • Foreign National Program

  • Investor Cash Flow

  • Non-Warrantable Condos

  • Georgia Power Leaseholds for Lake Burton, Rabun, & Seed


  • ************************************************************************************************************
  • Rodney Mason is a Licensed Branch Manager located in Atlanta, GA.   He can be reached at (404) 591-2453.
  • Providing financing for all cities across Georgia including: Acworth, Albany, Alpharetta, Athens, Atlanta, Augusta, Austell, Avondale Estates, Blairsville, Bloomingdale, Blue Ridge, Bogart, Brunswick, Buckhead, Buford, Canton, Carrollton, Cartersville, Chatsworth, Clayton, College Park, Columbus, Commerce, Conyers, Covington, Cumming, Dahlonega,  Dacula, Dalton, Dawsonville, Decatur, Doraville, Douglasville, Duluth, Dunwoody, East Point, Fayetteville, Flowery Branch, Gainesville, Greensboro, Hampton,  Hapeville, Hinesville, Hiram, Jackson, Jefferson, Jonesboro, Kennesaw, Lagrange, Lawrenceville, Lilburn, Lithia Springs, Macon, Madison, Metter, Morganton, Morrow, Newnan, Norcross, Oakwood, Peachtree City, Pooler, Richmond Hill, Riverdale, Rome, Roswell, Sandy Springs, Savannah, Scottdale, Statesboro, Stockbridge, Stone Mountain, St Marys, Sugar Hill, Suwanee, Thomasville, Thunderbolt, Tucker, Tybee Island, Valdosta, Waleska, Warner Robins, Waycross, Wilmington Island, Winder, Woodstock, and many more.

    Providing financing for all cities across Alabama including:
    Alabama Port, Anniston, Athens, Auburn, Bessemer, Birmingham, Boaz, Bridgeport, Cedar Bluff, Chickasaw, Clayton, Coden, Dauphin Island, Decatur, Dothan, Eufaula, Fairfield, Fairhope, Florence, Foley, Forestdale, Fort Morgan, Fort Payne,Gasden, Grand Bay, Gulf Shores, Heron Bay, Homewood, Hoover, Jasper, Josephine, Madison, Meadowbrook, Midfield, Mobile, Mon Louis, New Hope, Orange Beach, Oxford, Oyster Bay, Phenix City, Prichard, Rainbow City, Saraland, Satsuma, Scottsboro, Selma, Troy, Theodore, Tillmans Corner, Trussville, Tuscaloosa, Vestavia Hills, Warrior and many more.

  • Providing financing for all cities across Florida including: Altamonte Springs, Atlantic Beach, Boca Raton, Bradenton, Cape Coral, Clearwater, Coral Springs, Daytona Beach, Delray Beach, Destin, Fort Lauderdale, Fort Myers, Fort Walton Beach, Gainesville, Hollywood, Homestead, Jacksonville, Jupiter, Key Largo, Key West, Lake City, Largo, Marathon, Mexico Beach, Miami, Naples, New Smyra Beach, Ocala, Orlando, Palm Coast, Panama City Beach, Pensacola, Pompano Beach, Port St Joe, Sanibel Island, Sanford, Sarasota, St Augustine, St Petersburg, Tallahassee, Tampa, Vero Beach, West Palm Beach, & Winter Park, and many more.


  • Providing financing for all cities across South Carolina including: Aiken, Anderson, Beaufort, Bluffton, Charleston, Columbia, Conway, Edisto Island, Florence, Greenville, Hilton Head, Johns Island, Myrtle Beach, North Augusta, Orangeburg, Rock, Hill, Spartanburg, Sullivans Island, Summerville, and many more.  

    Providing financing for all cities across Tennessee including: Athens, Brentwood, Bristol, Chattanooga, Clarksville, Cleveland, Cookeville, Dyersburg, Franklin, Gatlinburg, Greeneville, Johnson City, Kingsport, Knoxville, Maryville, Memphis, Morristown, Murfreesboro, Nashville, Newport, Oak Ridge, Pigeon Forge, Sevierville, and many more


All mortgage lending guidelines are accurate at time of post, but are subject to change without notice.  Please call for the most current information.




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Mary Kay Hopkins
Mary Kay Hopkins, LLC e-PRO, GRI, CRS, CRB - Lake Charles, LA

Good, solid checklist and reminder to both buyers and sellers.  Thanks, Rodney.

May 24, 2010 04:07 PM #1
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

It is a very good explanation of the whole process. But how long will it take after all final conditions submitted to any reaction on that?

Jun 23, 2015 05:29 PM #2
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Rodney Mason

VP of Mortgage Lending - AL, FL, GA, SC, & TN
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