Earn $25 CASH per qualified ChartSnap Founder referralUnlimited referralsNo purchase required—Join the Affiliate Program →

Mortgage Glossary

Underwriting Approval

Mike Starr·Reviewed August 2026

Underwriting approval is the formal decision by a mortgage underwriter that a loan application meets the lender's guidelines and the loan is cleared to proceed to closing. Approval may be unconditional (clear to close) or conditional, requiring the borrower to provide additional documentation or explanations before the loan can be finalized. It is one of the final steps before closing.