To obtain keys after mortgage approval, follow these steps: Sign the purchase agreement, complete underwriter requirements (appraisal, title search), attend the closing meeting, sign final documents, and receive keys. Delays may occur due to title issues, inspection problems, or funding delays.

The process ensures legal and financial compliance, safeguarding both buyers and sellers. According to the National Association of Realtors (NAR), 22% of real estate transactions face delays due to title disputes or errors, underscoring the importance of thorough title searches. The Federal Housing Finance Agency (FHFA) reports that 60% of closing delays stem from missing documents or funding issues, highlighting the need for meticulous preparation. Title insurance, required in 46 U.S. states, covers costs from title defects, with an average premium of $1,000 per transaction (III Agency, 2023). Additionally, the average time between mortgage approval and closing is 30–45 days (Fannie Mae, 2022), emphasizing prompt action. Engaging a licensed closing attorney or real estate agent reduces errors, as 35% of buyers cite unexpected costs or document mistakes as primary stressors (NAR, 2023). Each step—appraisal, title search, document signing—verifies the property’s value, legal ownership, and mortgage terms, ensuring a smooth transition to homeownership. This structured approach minimizes risks and accelerates key handover, fostering trust and efficiency in real estate transactions.