The following is a step-by-step outline of the Pre-Approval process.
The times quoted are average.

  1. Loan Pre-Approval application – 1 hour
  2. Receive Pre-Approval certificate – Approximately 2-3 business days
  3. Continue looking for a home
  4. Make offer to buy and upon acceptance notify Lake Mortgage
  5. Order final documentation (appraisal, survey, and title report) – 7-10 business days
  6. Contact closing department – schedule closing 5-7 days in advance
  7. Escrow officer – you will have about a 1-hour appointment with the escrow officer to sign legal documents – bring your certified funds