Mortgage Application Process

• As soon as a home inspection is conducted and the rider is executed, a property inspection addendum is completed. That is when the buyer can officially apply for their loan.
• Traditionally, the contract for sale and purchase specifies a number of days after completion of the required home inspection within which the buyer must apply for the loan – often, five days after the home inspection is satisfied.
• The buyer should immediately bring the application and any supporting documents to the loan officer.