What to expect during the home loan process

We make it easy for you...
Jefferson Bank will bring a personal touch to home financing, because we know that buying a home sometimes can be an intimidating and stressful process. Here’s a short summary of the home loan process that will help you prepare for the various steps leading to “opening the door” of your dream home.

• Complete Online Application with the help of our Residential Mortgage Manager if need be. We can walk you through the application process and give you a checklist of information to assemble to make the application process as easy as possible.

• We'll verify your income and employment history through W-2 forms or income tax returns if your self-employed.

• We'll review your assets to ensure you have enough funds for a down payment and closing costs.

• We'll perform a credit check to help evaluate your credit history. Remember: It is best to clear up any credit problems before you apply for a mortgage. Get your credit report from Equifax (800.685.1111), Experian (888.397.3742), and TransUnion (800.888.4213).

• We'll order an appraisal of your new home's market value. An appraisal is part of the mortgage process and will ensure that you're paying the appropriate price for your new home.

• We'll confirm that you have a "clear title" to the property you are acquiring and help you handle any issues that might affect a smooth loan closing.

• We'll ensure that you have adequate homeowner's insurance to protect against loss or damage to the property.

• When your loan is approved, we'll review everything in advance to make sure your closing goes as smoothly as possible, so you can move in and start enjoying your new home immediately.

• Congratulations, you're home!

Let Jefferson Bank make your dream of home ownership a reality. Contact Kyle Jemtrud, Residential Mortgage Manager today!