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Posted on Monday, August 29, 2022 in Mortgage Lending

What Happens After a Homebuyer’s Offer is Accepted?

Homebuying is like taking a ride on a roller coaster. There is plenty of excitement, suspense, scary moments, and then an adrenaline rush. You need to be strapped in tight for all of the ups and downs and twisting curves.

Then it happens, you have found the perfect home, negotiated a price, and made an offer. Next, you anxiously await the moment that your agent tells you the seller has accepted your offer! Hooray! Okay, now what happens?  

The time between offer acceptance and entering escrow often leaves buyers wondering what comes next. Not to worry, First National Bank has published the Mortgage Loan Roadmap, an infographic that guides you from Step 1, the Purchase Agreement, through Step 11, Closing Day.

While offer acceptance might seem like the end of your house hunting journey, it is really just the start of another – the journey to closing. The Mortgage Loan Roadmap provides you with a game plan, a way to prepare for the multitude of things that can happen between “They have accepted your offer!” and closing.

Although buyers frequently have a mortgage pre-qualification letter in hand before putting the house under contract, the financing process doesn’t begin in earnest until after both parties agree on price and terms.


There are many activities that need to happen before closing and ultimately getting the keys to your new home. Working closely with your real estate agent and mortgage lender through the steps and using the roadmap will make everything go much smoother.   

  1. home buying
  2. mortgage loan
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