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We can take your application either by phone or in person by your meeting with a loan officer.
We will ask you information necessary to complete the loan application, and may ask you to
provide supporting documentation, such as pay stubs, bank statements and copy of the
purchase contract, if applicable. |
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To make an application click here. |
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After you submit the application, we first want to make sure that it is complete and will
contact you if we need missing information. |
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The application may be put through an automated underwriting system, which speeds the
review process; regardless, though, all applications are reviewed by an underwriter. |
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The underwriter will review your financial profile, including such items as credit history, down payment amount and debt-to-income ratio, and determine whether your application meets the
criteria for the product you have chosen. |
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The underwriter will also review the appraisal of the property you wish to purchase or
refinance to ensure that the property is acceptable and the amount of the loan compared to
the value of the property is within guidelines. |
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Any first mortgage application scheduled to be declined is reviewed by a more senior
underwriter. |
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The price for any individual loan will be based upon the borrower's financial qualifications
and product choices, as well as local market competition and the current interest rate
environment. A borrower's financial qualifications include payment and credit history, work
history, assets, other debt, down payment, occupancy type and the property they own or buy. Product
choices include fixed or adjustable rate loans, reduced- or streamlined-documentation
loans, purchase, refinance or debt consolidation loans. Each of these factors will affect the
price of the loan. |
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