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Posted January 11, 2022 in Mortgage

Mortgage Banking Tips for Your Housing Needs

Mortgage Banking Tips for Your Housing Needs

Starting the home buying process can be intimidating at first.

There are many factors to take into consideration when looking for the right mortgage lender for you and your partner. Prospective home buyers can make the experience a breeze by finding the right mortgage loan with appropriate payment options.

Our mortgage banking tips are here to ensure you get the house with the right budget to meet your needs.

Opening a Mortgage Loan with a Bank

Before opening a mortgage loan with a bank, you’ll need to prepare yourself with a few basic steps.

  • Check your credit score.
  • Plan a budget.
  • Prep important documents: credit report, tax returns, pay stubs, two forms of ID.

After you get organized and have a clear understanding of your current financial situation, you’re ready to move on to shopping around for mortgage payment options.

For further support, visit our Mortgage Resources for a full checklist on everything you need for the application process as well as a home loan payment calculator.

Mortgage Payment Options at Security First Bank

There are a variety of different mortgage loans to meet payment options for applicable homeowners. You definitely don’t need to go with the first lender you find. Different mortgage lenders offer different types of rates and services.

At Security First Bank, we offer both traditional and specialized mortgage loans for Nebraska and South Dakota residents.

Types of Traditional Mortgage Loans:

  • Fixed-Rate Loan
  • Adjustable Rate Mortgage (ARM)
  • Home Equity Loan
  • Home Equity Line of Credit (HELOC)
  • Federal Housing Administration (FHA) Loan

Types of Specialized Mortgage Loans:

  • Construction Loan
  • Jumbo Loan
  • VA Loan
  • Rural Development Loan
  • First-Time Homebuyers Grant

To find the right home loan that fits your needs, contact our team of Mortgage lenders.

Get Pre-Approved for a Home Loan

After you have a better idea of the type of home loan you need, getting pre-approved before looking for houses gives you an edge when bidding against other potential buyers.

According to NerdWallet, the letter “shows the seller that you’re a serious buyer whose loan is likely to close. It’s evidence that a lender has evaluated your finances and figured out how much you can afford to borrow.”

We make our application pre-approval process with Security First Bank an easy experience. All you need to do is answer a few simple questions online and we’ll get back to you!

    Contact Security First Bank for Home Mortgage Financing

    Security First Bank can help you with the home buying process every step of the way until you’re ready to say “home, sweet home!”

    Our experienced mortgage loan officers know the housing market and have the expertise to find a home loan tailored to your individual needs.

    Contact us for help. If you’re ready to get started, you can apply for a home mortgage loan online today.