Financing options are available for up to  95% of the value of the vehicle.

Both fixed rate and adjustable rate mortgages have benefits. It really depends on your particular scenario. Your loan officer will be happy to go over all options with you so you are comfortable with the loan program you have chosen.

Closing costs are the fees you pay to complete your loan; they include but are not limited to origination fee, title insurance, prepaid escrows, and more. Closing costs will vary depending on many different factors including the loan program applied for, down payment, etc. Your loan officer will provide you with a loan estimate that will break down expected closing costs.

Credit requirements are dependent on many different factors, including the loan program applied for. If you are unsure of how your credit history will affect your application, please contact one of our loan officers who will discuss options with you.

You can get a conventional mortgage with as little as 3% down, or if you plan to purchase in an eligible rural area, a USDA loan  offers 100% financing. However, if you are financing more than 80% of the lesser of the sales price or value of the home, Private Mortgage Insurance (PMI) is required.

Yes! If you haven’t owned a home in the last three years, we are ready to help you achieve your homeownership goals! Country Bank offers first time home buyer programs and special discounts for first time home buyers.

STEP 1: GET PRE-QUALIFIED TO MAKE YOUR PURCHASE

Fill out a mortgage application for a prequalification. As part of this process we will obtain your credit report and request income documentation. We will then determine the amount you would be approved for and issue a prequalification letter. This letter can be used to put in an offer on a home.

STEP 2:  APPLYING FOR YOUR MORTGAGE LOAN

If you are purchasing a property,  you will want to contact your loan officer to get your mortgage application started and submitted once an offer is accepted. If you already own the property than simply reach out to a loan officer to get the mortgage application started and submitted.

STEP 3: REVIEW LOAN ESTIMATE
Once we have received and processed your submitted mortgage application, you will receive your initial loan disclosure paperwork which includes your loan estimate (a breakdown of potential closing costs associated with your transaction).

STEP 4: PROPERTY APPRAISAL

Once you have reviewed your initial disclosure package and signed your intent to proceed. The appraisal fee will be collected and your appraisal will be ordered. The property will be appraised to establish its current market value.

STEP 5: UNDERWRITING PROCESS

The Loan Processor will submit your paperwork to a Residential Mortgage Underwriter who will underwrite this file to secondary market guidelines.

STEP 6: LOAN APPROVAL PACKAGE

After underwriting has approved your mortgage, the loan approval package will be sent out to you. Typically, this package will contain any outstanding loan conditions that are needed before the closing can be scheduled with the attorney. Once underwriting has received and reviewed the outstanding conditions, the loan will be cleared to close. At that point you will begin to work on scheduling the closing with your attorney. At least three days before your closing, you will receive your initial closing disclosure. This is a very important document as it breaks down the amount needed to bring to the closing.

STEP 7: CLOSING

The “closing” is the last step in buying and financing a home. This is when you and all the other parties in a mortgage loan transaction sign the necessary documents. Before you sign, make sure you carefully read and understand all the loan documents.

We have you covered! Here is the information you’ll need when you are ready to apply for a mortgage.

Yes, Country Bank can help you purchase your mobile home with competitive mobile home financing options. Explore our mobile home loan rates.