How Loans Are Made

  • We can take your application either by phone or in person if you meet with a Mortgage Banker. We’ll ask you information necessary to complete the loan application, and may ask you to provide supporting documentation, such as pay stubs, bank statements and a copy of the purchase contract, if applicable.
  • To submit a mortgage prequalification request, click here »
  • After you submit the application, we first want to make sure that it is complete and will contact you if there is any missing information.
  • The application may be put through an automated underwriting system, which speeds the review process; regardless, though, all applications are reviewed by an underwriter.
  • 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.
  • 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.
  • Any first mortgage application scheduled to be declined is reviewed by an underwriting supervisor or manager.

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, purchase or refinance. Each of these factors will affect the price of the loan.