A New Home loan application has to go through several stages, as is natural. To give you an idea, these are:

❶⠀Legal analysis - the stage that involves checking the legal aspects of the property

❷⠀Property valuation

❸⠀Financial analysis - income verification of credit participants

❹⠀Approval of the file by the bank

❺⠀Check and approval of the file by the Guarantee Fund

❻⠀Contract drafting

You can see here more details.