The loan process
Underwriting
In short
Underwriting is the lender's detailed review of your income, assets, credit, and the property, deciding whether — and on what conditions — the loan can be approved.
Underwriting is where a loan is actually decided. An underwriter verifies the income, assets, and credit behind your application and confirms the property supports the loan through the appraisal and, in Florida, its insurability.
Approvals usually come with conditions — documents or explanations the underwriter needs before final sign-off. Clearing conditions promptly is the main thing that keeps a file moving toward closing.
Because underwriting weighs the whole picture, a single number like a credit score doesn't decide it; income stability, reserves, the property, and the program all factor in.
Related
Current as of August 2026.