Home Loans
Whether you’re building or buying, having a transparent lender and loan officer makes all the difference. We offer complete mortgage loan services—across Texas communities—through our Home Loan Center. We handle FHA, VA, and conventional financing and a variety of speciality products. From getting prequalified before house hunting to meeting you at the closing—we’re your people!
PEOPLES BANK HOME LOAN CENTER TEAM
Here to Take Care of You
Lacie Walton
Executive Vice President, Mortgage Department Manager
Sonya Garcia
Vice President, Mortgage Operations Manager
Christian Allen
Mortgage Loan Officer, Banking Officer
PEOPLES BANK MORTGAGE PROCESS
Your Road Home
1-2 DAYS
Pre-qualification
Visit with lender to discuss your loan options. They will walk you through getting prequalified by reviewing the information on your application and reviewing credit, assets, income, and expenses. If you qualify, they can prepare a pre-qualification letter. Depending on your application status, they may counsel you changes to make or additional information they need. They'll guide you in gathering needed documentation. This may include tax returns, bank statements, paystubs, identification, etc. Once prequalified- the letter is good for 90 days. After that point the lender may need to update some information to issue you another one.
1-3 MONTHS
House Hunting + Make an Offer
Now that you have been pre-qualified you can hunt for your future home! Once you have extend an offer, have it accepted, and sign a contract—the lender can lock in your rate. Once your rate is locked in, your lender will start your full loan application.
*30 DAY TIMELINE EXAMPLE. NOW CLOCK STARTS TICKING TO MEET CLOSING DATE.
1-3 DAYS
Initial Applications + Lender Disclosures
The lender will work with you to lock the rate and provide to you a copy of the initial application. You'll also recieve initial disclosures to sign. You can also expect a list of any additional documentation you will need to provide.
10-15 DAYS
Processing of Your Loan
Once the paperwork has been turned into your lender, they can begin processing and verifying all of the information. No home purchase process is ever the same, and they may reach out to you for additional documentation. After receiving all reports and documents, the file is submitted to the underwriter.
1-3 DAYS
Underwriting of the Loan
Once everything has been received and verified, the underwriter reviews your file to make sure all guidelines have been met. When all guidelines are met, they issue a clear to close.
1-3 DAYS
Pre-closing
When the file is cleared to close, the closer balances all final numbers with the title company. The closer issues your closing disclosure to you to approve. This happens at least 3 business days prior to closing.
1-2 Days
Closing / Funding
This is the day you'll want to pop the champagne or grab celebratory dinner. On your closing date, you'll meet your realtor and closer at an agreed upon title company. You and any co-borrowers will sign all closing documents. You will also provide your funds for closing. This includes your down payment and closing costs. Title forwards those funds and will turn over the keys to your new home.
Refinancing Your Home
Deciding to refinance your home can feel big. At Peoples Bank we see the big picture. Refinancing can potentially lower your monthly payment, shorten the term of your loan, or free up cash for improvements. We’d love to walk you through the numbers and options!
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