Buy a Home FAQs

It starts by taking an application with one of our mortgage loan officers. Once they have your personal information and your intent to proceed, we’ll request and verify documentation related to your credit, income, assets, and any other applicable pieces needed to qualify you.

A prequalification provides you with an estimate of how much your mortgage loan officer believes you can afford to borrow when purchasing a home. Your mortgage loan officer will rely on the information you provided in making this determination.

Being preapproved means you have submitted an application and your loan officer has reviewed and verified your financial information and credit history. A preapproval letter will be issued informing you of the Bank’s willingness (not a guarantee) to lend a specific amount to you.

Typical loans start at 3-5% down but some are available for less down. All down payment requirements are subject to qualifications.

Mortgage loans are used to buy a home or to borrow money against the value of a home you already own.

We’ll give you money to buy or refinance a property with an agreement that you will pay back the loan with interest over the course of several years.

A vacation home, or secondary home, is one that you occupy for a part of the year while keeping residency at your primary home.

Typical loans start at 10%-20% down. All down payment requirements are subject to qualifications.