When you apply for a mortgage, following the correct process matters. Here's how to prepare, what to do and what the lender does at each step until closing.

Your mortgage application can be denied for many reasons, including: Credit problems: Lenders review your credit history to understand how responsible you’ve been with credit in the past.

To begin processing of your application the lender may require a fee of $100 to $400 that covers the cost of pulling your credit report and obtaining an appraisal of the property's market value ...

What to do when your mortgage application gets denied. Taylor Freitas . Mon, May 19, 2025, 9:50 AM 8 min read. Key takeaways.