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Mortgage Loan Process

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Speed Up the Home Loan Approval Process

Present any or all of the of the following to your Mortgage Loan Originator:

Residence History

  • Your street address, or addresses, for the past 2 years
  • If you rent: your landlord’s name, address and phone number
  • If you own: your mortgage lender’s name and your account number

Employment History

  • Name, address and phone number of any employer you’ve worked for in the past 2 years

Income Information

  • Your gross monthly salary or other income
  • Your year-to-date pay stub
  • Your W2 forms for the past 2 years
  • Signed tax returns if you worked on commission or if you wish to use interest, dividend or bonus income to qualify for your loan
  • If you are self employed, signed tax returns for the past 2 years and current Profit & Loss statement and Balance Sheet
  • If you are not currently employed, bring proof of other sources of income (Awards letter or 1099 for two years)

Deposit, Retirement and Equities Account Information

  • Name of financial institution, account number and balance on all checking, savings, IRA, retirement, 401(k), stock and mutual fund accounts – including statements for the past two months

Real Estate Information

  • Address, market value and loan information on all real estate you own
  • Copies of leases on any rental property you own


  • Please bring a government-issued photo ID (i.e.. driver’s license, state-issued non-driver’s ID, US military ID)
  • If you are applying for a VA Loan, please bring your military discharge papers (Form DD214) and Certificate of Eligibility


We offer a full range of mortgage products, including Conventional, Federal Housing Administration (FHA), Veteran Affairs (VA) and Rural Development.

Fixed Rate Mortgage

The traditional fixed-rate mortgage has a constant interest rate and monthly payments that never change. This may be a good choice if you plan to stay in your home for seven years or longer. If you plan to move within seven years, then adjustable-rate loans are usually cheaper. As a rule of thumb, it may be harder to qualify for fixed-rate loans than for adjustable rate loans. When interest rates are low, fixed-rate loans are generally not that much more expensive than adjustable-rate mortgages and may be a better deal in the long run, because you can lock in the rate for the life of your loan.

Adjustable Rate Mortgages (ARM)

Ask our Happy State Bank Mortgage Loan Originator for ARM details. Hybrid ARMS have become increasingly popular and can offer the best of both worlds: lower potential interest rates (like ARMs) and a fixed payment for a longer period of time than most adjustable rate loans. It’s a good choice for people who expect to move (or refinance) before or shortly after the adjustment occurs.

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Qualified borrowers can receive $1,025 in lender credit applied toward origination charges. This credit must be applied prior to other credits.