Buying a Home
Understanding the mortgage process.
How to Apply for a KeyBank Mortgage
What to Expect After You Apply for a Mortgage
Application Processing.
KeyBank’s loan processing team reviews your application and, based on what you’ve provided, determines if more information is needed. An appraiser visits the property to determine its value.
Receive initial loan approval.
Next, KeyBank's underwriting team reviews your application, credit report, the property appraisal and other financial details.
Prepare for your loan closing.
Your loan approval might have some conditions that you need to complete before signing for your loan, such as obtaining property insurance. A title company or attorney will work with KeyBank to prepare the mortgage note, deed and title work required to transfer the property.
Close and sign final paperwork.
Working with a title company or attorney, you'll sign your loan paperwork. At the closing is when you'll provide any additional down payment, if applicable, and your closing costs will be collected.
Get the keys to your new home!
You did it! After the paperwork is collected and final arrangements have been made, the home is yours. KeyBank's closing team makes sure that the property is legally transferred and provides the funding to the closing agent for the seller.
The homebuying process may seem scary, but don’t worry! We’ll guide you through it.
First, you’ll need to figure out how much house you can afford. If you’re not sure how much to budget … speak with a mortgage loan officer. They’ll help you create one. They can also explain the different types of loan options, and even get you prequalified. So you’ll know what you can afford and how much to save for a down payment, which can vary depending on the type of loan you apply for.
Next, find a trusted real estate agent. They’ll be your guide on this house hunt. Find your house and then make an offer. A bigger price tag means bigger payments, so keep your budget in mind when choosing a home. Once you’ve agreed on a price, submit a loan application with the help of your loan officer. Then it’s time to schedule your home inspection.
Now your loan officer will be your expert advisor, guiding you through the application process, credit approval, property appraisal, loan approval, and preparing for closing.
Now you’ll finally close on and sign for the home! There’s a lot of paperwork, so start practicing that signature.
You just bought a house and can start focusing on those paint colors.
Types of Mortgages KeyBank Offers
Explore our options, including low down payment, specialty, conventional mortgages and more.
Take the next step.
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KeyBank does not offer real estate services.
NOTICE: This is not a commitment to lend or extend credit. Conditions and restrictions may apply. All home lending products, including mortgage, home equity loans and home equity lines of credit, are subject to credit and collateral approval. Not all home lending products are available in all states. Hazard insurance and, if applicable, flood insurance are required on collateral property. Actual rates, fees, and terms are based on those offered as of the date of application and are subject to change without notice. Mortgage and Home Equity Lending products offered by KeyBank are not FDIC insured or guaranteed.
NMLS# 399797. Equal Housing Lender.