Blog posted On May 07, 2026
Seeing as May is National Moving Month, now is the perfect opportunity to share a helpful overview of the home buying process. A roadmap, if you will! First-time home buyers often find the entire experience daunting, especially if they’re qualifying with nontraditional income and may need to provide more paperwork than a W2 borrower. Regardless of the loans you’re using and the documentation needed, let’s set you up with a clear picture of the mortgage process and drop some tips for your big move.
What to Expect During the Buying Process
Below, we’ve included a quick snapshot of the home loan process. These should clearly mark the pillars of progress as you transition from each step of mortgage processing. These ten steps don’t include everything during the process, like setting up homeowners insurance, researching down payment assistance programs, or what the title company does. However, we find these steps distill the entire odyssey of home buying to an easy, actionable picture.
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10 Steps to Buying a Home |
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1. Choose a Real Estate Agent |
2. Get Preapproved |
3. Shop for a Home |
4. Negotiate the Purchase |
5. Apply for a Mortgage |
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You’ll select a real estate agent to work with and plan your home search. |
We’ll review your basic qualifications and preapprove you for home financing. |
You and your agent will browse listings and tour properties to discover the right home for you. |
The two of you will place a bid on a home and negotiate a price and contract. |
You’ll apply for your loan and send required documentation (W2s, paystubs), and we’ll process your application. |
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6. Home Inspection and Appraisal |
7. Underwriting |
8. Clear to Close |
9. Final Walkthrough |
10. Closing |
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Licensed professionals will assess the home’s condition and value. |
Underwriting will review your application and request any additional items required from you. |
If everything is in order, we’ll give the final approval for your loan. |
You and your agent will walk through the home again to ensure it’s in the same condition as before. |
You’ll sign your final documents, pay your closing costs, and receive the keys to your new home. Congrats! |
Tips for Moving & Settling Into Your New Home
Now that you’ve gotten a grasp on how a mortgage closes, let’s dive into the act of moving houses. Not only is May National Moving Month, but the first day of the month is celebrated as New Homeowners Day. We’ve gathered some tips that can help you after you’ve signed your closing documents.
If you want a more comprehensive to-do list, check out our blog from March entitled: The Ultimate Spring Moving Checklist.
Home Sweet Home Awaits
You should now be well equipped to tackle the homeownership process. We know big changes like this can be hectic. But don’t forget, your agent and lender (us!) will always have your back, especially when it comes to closing big loans and lifting heavy boxes! If May is truly the month you become a homeowner, we wish you a happy closing and happy moving day. Reach out anytime.
Source: Zillow, Realtor.com