Resources / Homebuyer Education / During the Loan Process



Purchasing a home is a big step, and it’s one we’re excited to take with you! The financing process can sometimes seem complex, but knowing what to expect at each step makes it easier. The information below can guide you as we embark on this journey. But remember – you can always reach out to your DHI Mortgage Loan Originator anytime you have questions. That’s why we’re here!
Steps of the Loan Process
There are many steps in the loan process, and we’re here to help you navigate them all. Start by watching this brief video, and then review the information below so you’ll know what to expect throughout your homebuying journey.
Get Started
Get your loan process started using our convenient and mobile-friendly online portal. Your Mortgage Loan Originator will help you understand how much you may be eligible to borrow and what loan products might be the best fit for your financial situation.

Once you have selected a property and desire to proceed with an Application, we will guide you through the documentation requirements and next steps. Take a look at our Documents list to help you prepare what you might need and review our Rate Lock information.
Next, you’ll be partnered with a Loan Processor who will work closely with your Mortgage Loan Originator to verify the documentation that you submitted, as well as your credit and employment history, and to prepare your file for underwriting. The Loan Processor may require additional documents from you. Remember, the sooner you reply, the sooner your application can proceed!
Underwriting and Credit Approval
When your Application is ready, it will be reviewed by a Mortgage Underwriter. An Underwriter will review your credit report, employment, income, debts, and assets. Make sure you review the Staying the Course video. The Underwriter may approve your loan as is or require additional information before issuing a decision. You should expect a decision on your application within a week of submission to the Underwriter.  Some situations may warrant a longer response time.  When your loan is approved, you’ll be issued a Credit Approval letter.
An appraisal of your property will typically be ordered within 30-45 days of your estimated closing date. The appraisal is used to confirm the valuation of your property and will be provided to you for your records prior to, or at, your closing.
Final Approval
You’re nearly home! When the conditions of your Credit Approval have been satisfied, the Underwriter will Final Approve your loan. You’re now ready to prepare for your Closing.
A few days before your scheduled closing, your lender will send you a Closing Disclosure which outlines the final terms and costs of your mortgage. It’s one of the most important documents you’ll receive in the homebuying process, so review it carefully before signing, and return it as soon as possible or your closing may be delayed. Visit our Closing Disclosure page for important details about this document and your responsibilities as a buyer.

If you’re eligible for our eClose process, you’ll be sent many of your closing documents to sign electronically before your appointment. You’ll still need to sign a few in person, but the appointment will be much shorter. Otherwise you’ll make an appointment to meet with your title agent to sign all the closing documents. Check out our Closing Checklist for a list of items you need to bring to your closing appointment. Your Mortgage Loan Originator or Loan Processor will provide you with the final amount needed for closing costs so that you can wire funds or have a cashier’s check made out to the title company or attorney’s office. After you’ve signed, you must wait for the loan to be funded. Then you’ll receive the keys to your new home!
Congratulations, homeowner! Welcome home.