We at Fidelity Bank know that the mortgage loan process can be confusing— whether you are a first time homebuyer or a seasoned veteran. That is why we have broken down the mortgage process into six basic steps, provided tools to help supply you with pertinent information and give you access to some of the most experienced mortgage loan originators in the industry.
Step 1. How much house can I afford? How much mortgage can I qualify for?
Fidelity’s interactive mortgage calculators put you in control in determining how much house you can afford or how much mortgage payment you can qualify for so you can best be prepared for your house shopping experience. Just plug in the appropriate data and out comes the information you need to make a knowledgeable decision regarding your home buying options. And, you can adjust the numbers based on your own individual changing financial picture.
Step 2. Data Preparation
Standard information needed for completing a loan application includes:
- Last 2 year’s W-2’s and current pay stubs /Last 2 years Federal Tax Returns if self-employed.
- Property information – Homeowner’s Insurance Declaration Page / Title Policy and/or survey if available / sales agreement if purchase.
- Recent statements on all cash assets, including checking, savings and retirement accounts.
- Initial application deposit of $430.00 payable by check, credit or debit card
- Copy of Photo I.D. (Driver’s License)
Step 3. Mortgage Pre-Approval
Fidelity Bank’s Pre-Approval takes the guess work out of your mortgage loan experience and let’s both sellers and realtors know that you are serious about home buying. And, because timing can make the difference in you getting your dream home, you can quickly begin negotiating a great deal the minute you find a home you like. E-mail one of our Mortgage Loan Specialists and ask for a free pre-approval.
Step 4. Select a Mortgage
Selecting a mortgage that meets your needs is an important task and one that is not always easy to do. It is important to choose a mortgage that not only fits your current financial picture today, but one that will also accommodate any changes that may occur to your finances over the next several years. Click here to compare the total cost between any two or three mortgages.
Step 5. Mortgage Application
Completing the mortgage application is the key to buying your new home or refinancing your existing home. To obtain an application, please stop in any one of our 13 convenient locations, call 1-800-242-2500 or email one of our experienced mortgage loan originators.
Step 6. Closing Information
You should be prepared to bring the following information to your closing:
- Valid and current government issued identification for all parties executing documents
- Check for closing costs if applicable
- Closer will obtain your most recent Declaration of Insurance showing Fidelity Bank PaSB as loss payee
- Most recent pay stub for closing. If you received a pay check from application to closing – bring your most recent
- Fidelity Bank may require additional information depending on your individual situation and will notify you prior to your closing date
Messages sent by e-mail may be intercepted by third parties or may be delayed in reaching the appropriate unit at Fidelity Bank. Please do not use email for communications containing confidential or time-sensitive information.