- FHA, HUD REO $100 down
- USDA-100% Financing
- Fannie Mae-Home Ready
- Freddie Mac-HomeOne and Home Possible
- First Time Homebuyers Programs
- Bond Program, Down Payment Assistance and Mortgage Credit Certificates
- One Time Close Construction Loans
- Online Applications
- In House Underwriting, Processing and Closing
Whether you’re purchasing your very first home, are a seasoned pro, or refinancing your current home, we’re certain you’ll find our service to meet and exceed your expectations. Financing a home can be a very stressful process but our goal at Community Bank Mortgage is to provide you a fast, efficient, and stress-free home financing process. We do this by have experienced, well-trained mortgage professionals who will walk with you from beginning to end. We offer some of the latest mortgage technology tools available like many of those found with nationwide online lenders, but we offer something more. We offer a Mortgage Loan Officer you can see face-to-face, someone you can get to know and trust or talk to at any time. Someone that you know that lives and works in the same community you do. Out of state, online lenders can’t offer that. Lastly, at Community Bank, all of our employees are also owners/stockholders in the bank. As owners, and not just employees, we want to provide the very best service to our clients so you will always think of us for any financial need you may have in the future. That’s the way owners think and work.
First, you’ll complete our online application! Our online mortgage application will ask you questions about the home and your finances and takes about 20 minutes to complete. As soon as you’ve finished the application and hit the submit button we’ll be notified and a Mortgage Loan Officer will contact you (generally with 24 hours) to introduce himself or herself and to answer any questions you may have. Your Mortgage Loan Officer is a mortgage expert and will provide help and guidance along the way. At this time we’ll also pull your credit if you have authorized us to do so. At that time, we can then pull your credit report and obtain your FICO score and discuss loan programs and interest rates. If you are purchasing a home the Mortgage Loan Officer will also contact the Real Estate Broker so that they’ll know whom to contact with questions. We’ll send you an application package and prepare your loan for closing. The application package will be sent to you and will contain papers for you to sign and a list of items we’ll need to verify the information you provided about your finances during the online application. We’ll order the appraisal from a licensed appraiser who is familiar with home values in your area. Depending on your finances and the loan amount requested, different types of appraisals are used. Most times the appraiser will need to view the inside and outside of the home. Sometimes they are able to do their evaluation from the street. Title insurance will be necessary. If you’re purchasing a home, we’ll work with the real estate broker or seller to ensure the title work is ordered as soon as possible. If you are refinancing we’ll take care of ordering the title work for you. We’ll use the title insurance to confirm the legal status of your property and to prepare the closing documents. We’ll contact you to coordinate your closing date. After we received the application package back from you and the appraisal and title work, we’ll submit your loan file to our in-house underwriting department. Our underwriters are the ones who actually review all the loan documentation and make the approval decision. During this time we’ll also be in contact with you to schedule your loan closing. If you are purchasing a home, we’ll also schedule the closing with the real estate broker and the seller. The closing will take place at the office of a title company or attorney in your area who will act as our agent. Three (3) days before closing, we will provide you a closing disclosure that will give you a complete breakdown of all the costs involved with obtaining your mortgage as well as the exact amount you will need to bring to closing (an official or certified check is required by the title company or closing attorney for closing, so please make plans to get that before your closing date and time). Your Mortgage Loan Officer will contact you to walk through the final information so that there won’t be any surprises at closing. That’s all there is to it!
We use leading-edge technology to ensure that all customer information is 100% safe. We protect our customers by using a combination of security measures that are among the best in the e-commerce industry. All customer information is encrypted using Secured Socket Layer (SSL) technology supported with digital certificates provided by Starfield Technologies. This means that your loan application information is safe and secure as it travels over the Internet. We use leading firewall and network security technology to protect our internal computer systems from unauthorized access. Our customers can be confident that their personal information is completely safe and private after they apply.