Once you’ve supplied the 6 required pieces of information, and included any other information the lender deemed necessary, you’ll receive a Loan Estimate within 3 business days.
Once all the information has been verified, IF the loan is approved, the lender will provide a Closing Disclosure to you three business days before loan consummation. They’ll usually set a date for loan consummation – which may also be at your closing meeting. Closing is basically transferring ownership of the property, and consummation is committing to the loan itself.
Once both are completed, you should be ready to plan your move-in.