Courses / Mortgage Mastery / Module 3
Module 3: The Application Process
The mortgage application process typically takes 30–60 days. Each stage has specific requirements and potential delays. Understanding the process helps you stay proactive and ahead of requests.
Document Checklist
- Income: W-2s (2 years), pay stubs (30 days), tax returns (2 years)
- Assets: Bank statements (60 days, all pages), investment accounts, retirement accounts
- Identity: Government-issued photo ID, Social Security number
- Debts: Statements for all outstanding loans and credit cards
- Property: Signed purchase contract (once you have one)
Key Takeaways from This Module
- Gather all required documents before applying
- Understand what happens at each stage of processing and underwriting
- Avoid the common mistakes that delay or kill mortgages