What To Know

Home Purchase Basics

Congratulations on your decision to buy a new home! There are many important things to consider throughout the process, especially if you're a first-time homebuyer. Here's some information that will keep you on track.
 

A home purchase may be your largest financial transaction to date, so it's important to make the right decisions and to keep an eye on the details. With the assistance of your Real Estate Agent and Loan Officer, it should be an efficient, pleasant, and ultimately rewarding experience.

Your Loan Officer Will:

  • Assist you in getting preapproved as early as possible.

  • Assist you in selecting the best loan to meet your personal situation and goals. (This single decision can save you thousands of dollars throughout the years!)

  • Keep you informed of your loan status throughout the entire process.

Your Real Estate Agent Will:

  • Preview available homes to weed out those that are overpriced, or undesirable in some other way.

  • Help you determine the difference between a "good buy" and a property which, because of its nature (neighborhood, market appeal, etc.), might have to be discounted if you decide to sell in the future.

  • Negotiate the best deal for you. With a Pre-Qualification letter from us in hand, your Real Estate Agent will be able to demonstrate that you are a qualified and capable borrower. This will strongly influence the Seller, and may make the difference between the Seller accepting your offer or someone else's -- even if your offer is lower!

Count On Yourself To:

  • Keep your Real Estate Agent informed of any questions or concerns as they develop.

  • Keep the process moving by providing documentation and decisions as soon as reasonably possible.

  • Make sure you are pre-approved as early as possible. This will put the power of financing behind you, so you can concentrate on selecting your home.


How to Apply for Your Loan:

Once you select us to obtain your home loan, you'll be amazed at how quickly and simply the loan process can move. Before you know it, you'll have a mortgage that suits your lifestyle.
 

Throughout the loan-application process, we provide you with regular updates. You can also e-mail us with questions or new information or you can check on the status of your loan in your online borrower portal. And if you want assistance, a mortgage expert who can answer questions is just a phone call away. Here's an overview of the loan-application process:

 

Step One, Start Your Application:

When you've selected a property and have a contract with the Seller, the next step is to complete your loan application, which can be done easily through our website. To get started, find a local branch near you to select your loan expert and start the application process.

Once you've completed the application process, your Loan Officer may contact you to obtain more information or direct you to upload materials in your borrower portal page. They will check for your eligibility in various programs and will see if everything is ready to move forward into the next stage of the loan process. The best way to loan approval is assembling all the needed parts in a timely manner, some we will get for you, some you will provide.

 

At the appropriate time we'll order a property appraisal for you, and all during the process, we may ask that you provide additional information or documents as they are needed. Buying a home is a complex process, but your Loan Officer and team will make sure to prompt you for materials or actions you need to take at all the right times.

 


Get familiar with the terms in the mortgage industry:

Helping you understand the loan process is important to us.  An informed decision is always the best decision, and it ensures that you get the financing that best meets your needs.  Please feel free to utilize our glossary of Mortgage Terminology as a resource to familiarize yourself with a few terms that are widely used in the industry. 


Ready to get started with your application today?
Create an account and start your journey to your new home. Click to apply for our easy, fast and streamlined application. 

Mortgage Checklist

The following information is usually required during the loan process:

  • Your Social Security number
     
  • Current pay stubs or, if self employed, your tax returns for the past two years
     
  • Bank statements for the past two months
     
  • Investment account statements for the past two months
     
  • Life insurance policy
     
  • Retirement account statements for the past two months
     
  • Make and model of vehicles you own and their resale value
     
  • Credit card account information
     
  • Auto loan account information
     
  • Personal loan account information
     

If you currently own Real Estate:

  • Mortgage account information
     
  • Home insurance policy information
     
  • Home equity account information (if applicable)