Your lender requires proof that you have secured an active insurance policy on the property before they will officially fund the loan. 6. Closing the Deal (Closing Day)

Once you find the right house, your agent will check historical local property sales to help you determine a competitive bid.

Lenders usually look for a score of at least 620 to qualify for a standard conventional mortgage. Higher scores secure significantly better interest rates.

Buying a house is a major financial milestone that typically takes between several weeks and six months to complete. Having a structured plan prevents costly surprises and keeps you moving forward with confidence. 1. Preparation & Financial Assessment (6–12 months out)