MORTGAGE LOAN PROCESS:

What's Involved in Applying for a Mortgage Loan:

It's not as difficult as some people think.  In order to give you an idea of what to expect, the mortgage loan application process is detailed below:

1. Contact one of our Office Managers to discuss the type of loan that meets your individual needs.
2. Complete a Loan Application.
3. We will verify employment, deposits, and rent/current mortgage.
4. We will obtain credit reports.
5. We will order the appraisal.
6. When Peoples receives the direct verifications and the completed appraisal, the loan application is underwritten by our Loan Processors and submitted to our Loan Committee for approval.
7. Once approved, our staff will order a title commitment and schedule a closing date.
8. At closing, documents will be reviewed and signed.  Funds and title to the property with then be transferred.

This entire process takes approximately 3 to 4 weeks after we receive your completed application.

Mortgage Loan Process - Home Loans - Investors & Business Loans - Loan Calculator