Mortgage: Our Simple Process
At Drake Bank, we follow a simple process to help make your homeownership journey as easy as possible.
- Contact Our Team – chat with our team so we can begin to understand you and your goals.
- The Best Fit – your expert loan officer will assist you in applying for alone that truly fits.
- Close with Confidence – you own a new home or refinanced into a loan that fits, knowing your team made that process easy.
Our expert team will help you navigate the many mortgage options to find the one that best suits your needs.
We sat down with our mortgage officer, Stephanie Scarrella, to help you understand the mortgage process and what to expect.
How does someone know what loan is the best for them?
I conduct a short Q&A session and put together options with the pros/cons of each program tailored to the client’s needs, and we discuss everything in detail.
What is the timeline for the mortgage application process, from application to closing?
This can vary from client to client, but the average is 4-5 weeks from origination to closing.
What documentation will be required during the application process, and how can someone streamline the process?
Typical documents are two years of W2s, current pay stubs, and bank statements. Additionally, we need tax returns for retired to self-employed borrowers.
What steps can someone take to ensure a smooth and efficient mortgage process?
Communicating, responding quickly to emails and calls, and returning any items we need for processing right away allows for a very smooth, hassle-free transaction.
Ready for your better future home? Get in touch with our mortgage team to learn more about our mortgage options.
