WHAT TO EXPECT

1.  You'll complete our on-line application.

The application will ask you questions about the home and your finances and takes less than 20 minutes to complete. As soon as you've finished the application we'll review your request for approval.

After your application is completed, a Loan Advisor will contact you to introduce themselves and to answer any questions you may have. Your Loan Advisor is a mortgage expert and will provide help and guidance along the way.

 

2. We'll send you an application kit.

The application kit will be sent to you and will contain papers for you to sign and a list of items we'll need to verify the information you provided during the on-line application.

We'll order the appraisal from a licensed appraiser who is familiar with home values in your area. Depending on your finances and the loan amount requested, different types of appraisals are used.

Title insurance will be necessary if you are purchasing a home. But we'll work with the Real Estate Broker or seller to ensure the title work is ordered as soon as possible. If you are refinancing, we'll take care of ordering the title work for you. We'll use the title insurance policy to confirm the legal status of your property and to prepare the closing documents. 

 

3. We'll contact you to coordinate your closing date.

After we receive your application kit, the appraisal, and the title work, we'll contact you to schedule your loan closing. If you are purchasing a home, we'll also schedule the closing with the real estate broker and the seller.

The closing will take place at an America's First Federal Credit Union branch or an attorney's office in your area who will act as our agent. A few days before closing your Loan Advisor will contact you to walk through the final information.

That's all there is to it! Apply Now and you will be on your way to the most convenient home loan ever!