Home Loan Application Process (Application to Settlement)

Once you have agreed to take out a home loan either directly though a lender or through a mortgage broker, there is a flow of activity that is generally consistent with every home loan process. Depending on the complexity of your situation, the time from the initial meeting to a final approval will take anything from a few days to a couple of weeks. Larger home loans and more complex situations will typically take longer. Simpler scenarios can be much faster. Below is a step-by-step indicator of what you can expect.