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Loan Status

Know exactly where your loan stands

Sign in to see the current stage, what we are waiting on, and who is holding it. No guessing, and no phone tree to reach a person.

The four stages

A typical Summit purchase loan closes in 28 to 32 days. Here is where those days go.

1

Application and disclosures

You submit income, assets, and property details, and we return a Loan Estimate within three business days. Sign the initial disclosures and the file moves on. Typical timing: two to four days.

2

Processing

A processor verifies employment, orders title work and the appraisal, and builds the file for underwriting. This is where most delays happen, and almost always because a document is outstanding. Typical timing: five to ten days.

3

Underwriting and conditions

An underwriter in our office reviews the whole file and issues a conditional approval with a list of items to clear. Answer conditions the day you get them and this stage stays short. Typical timing: seven to fourteen days.

4

Clear to close and closing

All conditions satisfied, we issue the Closing Disclosure at least three business days before you sign. Then you close, fund, and record. Typical timing: five to seven days.

What each status actually means

The label in your dashboard maps to a specific thing happening, and to something you may or may not need to do.

Status What is happening Your move Typical days
Application received We are preparing your Loan Estimate and disclosures Watch for the e-sign email 1 to 3
In processing Verifying income, ordering title and appraisal Upload anything on your document list 5 to 10
Appraisal ordered An appraiser is scheduling access to the property Coordinate entry with the seller or agent 7 to 14
In underwriting An underwriter is reviewing the complete file Nothing yet; avoid new credit 3 to 7
Conditional approval Approved, with a list of items to satisfy Clear conditions the same day if you can 3 to 10
Clear to close All conditions met, closing being scheduled Confirm your closing appointment 3 to 5
Closing disclosure issued Final figures sent; a three-day waiting period begins Review every number and ask about anything odd 3
Funded Money disbursed and the deed recorded Collect the keys 1

Rates current as of July 2026 and subject to change. Membership eligibility required. This is a demonstration website; rates, products, and figures shown are illustrative only.

What the tracker gives you

Built so you do not have to call to find out nothing has changed.

Alerts when something moves

Text or email the moment your status changes or a new condition is added. You hear it from us before you have to ask.

Secure document upload

Photograph a pay stub with your phone and it lands directly in the file. Never email a bank statement; the portal is encrypted and the inbox is not.

Your team by name

Your loan officer, processor, and closer are listed with direct lines. Because underwriting is done in-house, the person deciding is reachable.

Rate lock countdown

Your lock expiration sits at the top of the dashboard with the days remaining, so a 90-day lock never quietly runs out.

Common questions

My status has not changed in a week. Is something wrong?

Usually not. Underwriting and appraisal are the two stages that legitimately sit for days without visible movement. If nothing has changed in five business days and you have no open conditions, call your processor directly.

What most often delays a closing?

Outstanding documents, by a wide margin. After that: an appraisal that comes in low, a title issue such as an old lien, and large unexplained deposits into your bank account.

Can I open a credit card or finance furniture before closing?

Please do not. We re-pull credit shortly before closing, and new debt changes your ratios. A $600 monthly furniture payment has cost members their approval in the final week.

What is the three-day rule before closing?

Federal law requires you to receive the Closing Disclosure at least three business days before you sign, so you have time to review the final figures. Certain changes, such as a rate increase, restart that clock.

Can my agent see my status?

Only if you authorize it. You can grant read-only access to your agent or attorney from the settings page, and revoke it at any time.

What should I bring to closing?

A government-issued photo ID, and a wire confirmation or cashier's check for your cash to close. Verify wire instructions by phone using a number you already have; wire fraud in real estate is common and unrecoverable.

Check your status now

Sign in to see the current stage, your open conditions, and the days left on your rate lock.