Applying For A Mortgage Loan: Robins Financial Credit Union

Applying For A Mortgage Loan: Robins Financial Credit Union

Congratulations! You did your research, found a house, and came to an agreement with the seller. Now it’s time to apply for your mortgage! The team at Robins Financial is ready to help guide you through the process every step of the way. You can apply for your mortgage loan either online or in person with a Robins Financial Mortgage Loan Officer.  Your loan officer will help you complete 
the application, discuss interest rates,   and review different types of mortgage 
loan options, which will include: First Time Homebuyer, which has some special savings and advantages; Fixed Rate Loans, which lock an interest rate through the duration of the loan; Adjustable Rate, which may have a lower initial rate, but can be subject to change; And there are also special loans, which some buyers may be eligible for, from VA, FHA, and USDA, among others.

Your loan officer will work with 
you to find the best loan for you.  When you apply for your loan, you’ll need to 
gather quite a few documents. If you’re just getting started with your home buying process and are looking for pre-approval, you will need similar documentation. You’ll need:
A government issued photo ID; Your most recent pay stub covering the last 30 days; Copies of W2 and/or 1099 forms for the last two years; Statements for checking, savings, and/or deposit accounts
from the previous 2 months; Statements for investment accounts and retirement accounts from the previous 2 months with names printed on the form; Proof of other sources of income for the past 2 years, such as social security or alimony. Once you submit your application, your loan estimate will be issued to you within three business days.

FHA

It will summarize the loan terms, estimated closing costs and additional application disclosures.  Your loan then moves to the processing stage 
for approval. You’ll be assigned a loan specialist who will work with you to obtain any additional information necessary for processing.  Once the loan specialist is finished, you will 
be notified of the loan decision and terms, or any conditions that need to be met. If your interest rate isn’t locked in yet, you’ll now lock it at least 15 days before your closing, and then you’ll work with your lender and closing attorney to schedule your closing date. To prepare, watch our video on “What To Expect At Closing.” The mortgage team at Robins Financial Credit Union is ready to 
help you on your way to your dream house! For more information, call, click or 
visit any of our branch locations.

As found on YouTube

Looking to see what kind of mortgage you can get? Click here to see

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