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Can I apply for a loan before I find a property to purchase?
Yes, applying for a mortgage loan before you find a home may be the best thing you can do! If you apply for your mortgage now, we’ll issue a pre-approval subject to finding the perfect home. We’ll provide a pre-approval letter online instantly. You can use the pre-approval letter to assure real estate brokers and sellers that you are a qualified buyer. The only cost to you is the credit report.
When you find the perfect home, call one of our Mortgage Loan Advisors to complete your application. You’ll have an opportunity to lock your rate then, and we’ll complete the processing of your request.
What other costs are part of my mortgage?
Your monthly mortgage payment will include principal and interest, homeowners insurance, and property taxes if your mortgage payment includes escrow. Depending on your down payment and loan type, you may also have to pay private mortgage insurance as part of your monthly mortgage payment.
What is buying down my rate?
You pay money to decrease your interest rate when you buy down your rate. For example, if you want to lower your rate by one percentage point or maybe half a percentage point, the amount it will cost you can be calculated based on your loan amount and current market conditions. Rates are subject to change at any time and can affect the amount you pay. Contact a Mortgage Loan Advisor to give you the details and see if a rate buydown is right for you.
Tips for completing the online application.
Completing the application is easy. You will probably know all the answers off the top of your head. It should take about 20 minutes to provide the answers in the application.
The application is divided into sections. Move through the sections by answering the questions and clicking the “Next” button. You may notice that some questions may change, disappear, or cause a new question to appear. We don’t want to waste your time by asking questions that do not pertain to your situation. The application is intuitive and will ask what applies only to you.
CURRENTLY, THE APPLICATION MUST BE COMPLETED ON A COMPUTER OR LAPTOP. Access through IOS and Androids is available.
If you have questions at any time, the contact information on the right side of the screen can connect you to a loan officer. Feel free to reach out!
We look forward to working with you to secure your financial future.