Mortgage Loans: Find Your Way with Reliance Bank
Whether you are a first time homebuyer or buying your next home, our Loan Officers are mortgage specialists and are available to answer all of your questions. Together, we will help you through the process smoothly and quickly.
Advantages of Mortgage Loans with Reliance Bank Feature:
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What I Need To Submit An Application
Applicant and Co-Applicant must provide the following information during application:
- Date of Birth
- Phone Number(s)
- Email Address
- Residency Status
- Current Address
- Previous Address (if less than two years at current address)
- Mailing Address (if different than current address)
- Total Yearly Income1
- Value of Assets Owned
If you are purchasing a property, you will also need:
- Property Type
- Purchase price and down payment
- Estimated annual taxes and insurance
- Name of your real estate agent
1 Alimony, child support, or separate maintenance income need not be revealed if the Applicant/Co-Applicant does not choose to have it considered for repaying this loan.
Mortgage Lending – An Easy Process with Reliance Bank
Reliance Bank loan officers make mortgage lending an easy process. There are a few steps once your important documents are gathered. Pre-qualification (done in minutes, online or by phone) or pre-approval, a more rigorous process than pre-qualification, it provides a written commitment from a lender to extend a mortgage to you for a specific amount and time period. Pre-approval does require analysis of your financial status and credit history. You can set a budget, negotiate confidently, and close faster. Shopping for mortgages and rates includes reviewing the various types, such as conventional/ fixed-rate, adjustable rate, FHA or VA.
Reliance Bank loan officers can answer the questions you may have. Ask a loan officer about loan types that will best suit your needs. Apply for a loan with Reliance Bank in person or online. After selecting and applying for a loan, the approval process begins. We will verify credit, employment history, assets, property value, and more.
Helpful Reminders While Your Mortgage Loan is about to Close
Respond to all questions and requests promptly, and make sure you are available as your closing date approaches. Refrain from making any major purchases or moving money around in your accounts during this time, so you do not incur any additional debt or credit risk. Closing the loan usually takes place with a number of people, and in the presence of a notary public. You will review the final documents and make sure the rates and amounts are as agreed. Be ready to pay any costs, such as closing costs and/or the down payment with a cashier’s check, as personal checks are usually not accepted. Carry along photo identification, and any other items the loan officer instructs you to bring.
For more details on the home loan process or questions about terms, contact us today, but there’s no time like right now to find out if you qualify for a loan. Getting pre-qualified is easy, and only takes a few minutes.