About the Mortgage Loan Process

Searching for a loan? We'll be glad to answer your questions about our many mortgage solutions! Call us at 817-912-4410. Ready to begin? Apply Here.

There's a lot to do in order to get a mortgage loan. You wouldn't be looking up loan information if you could get a loan in a single day by filling out a simple application. We do the heavy lifting for you, so you can concentrate on what's important — preparing to move into your new home or saving money.

Getting a mortgage loan involves four major milestones.

Step one: Decide on your maximum loan amount

A couple of factors determine this amount. What kind of monthly payment are you looking for? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? Use the calculators on our website to determine your monthly payment amount. We'll also help you through different scenarios by asking a few simple questions. Because lender guidelines are fairly standard, we can give you a good idea of how much you can borrow after a short conversation.

Step two: complete a pre-qualification

This is where First National Bank can begin to save you money. You will supply details on your employment, assets, and your residence history. You'll provide information on your employment, asset, and residence history. We will get your credit report and score (only after you give your permission. After we've finished reviewing the provided information, we'll provide a pre-qualification letter. Be careful with this letter — it is a great tool for buying your new home! With this letter, your real estate agent will negotiate the best deal for your new home. The pre-qual letter gives you buying clout! While you're picking out the home that's right for you, we're busy finding the loan that's right for your situation.

Step three: apply now! We make it easy

Once you have signed an offer and the sellers accept it, it's time to apply for the loan. Applying for your loan couldn't get much easier; you can apply right here on our site. Finally, we will order the appraisal of your new home.

Step four: funding

The agents will find a title company to handle the "funding" and closing of the sale. We'll work with this company to make sure the papers your lender needs are available, and you'll probably sign all these papers at their office. We will coordinate with this company to set your date of closing. Since you don't have to worry with this coordination, you get to concentrate on moving logistics, if you're going to repaint, carpet, and the details involved in getting your new house.

After you have answered a few questions, provided lots of information, and applied online, you're ready to move in! First National Bank is a mortgage specialist; you're not — so we take care of the details. Doesn't that make sense?

Have questions about the loan process? Call First National Bank at 817-912-4410. First National Bank answers loan process questions every day.



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