Real Estate Loans

About this Loan

Buying or refinancing your home is exciting, but can be one of the most challenging if you don't understand the process. Our mortgage team can help and we are waiting to work with prospective buyers and current homeowners. At New Peoples Bank, we aim to make the experience as easy, simple, and secure as possible. With our variety of real estate loan options, we're sure you'll find one that's right for you.

You may apply online, check rates, and utilize other mortgage resources, click here. Or if you prefer, contact us, or visit a branch location and a loan officer will be happy to walk you through the process.

You may find it easier to begin the process at home by printing and filling out some documents and bringing them with you. If so, please print and provide a completed Real Estate Loan Application (see the PDF downloads available to the right). You may also find additional resources below.

Information Checklist

Contact us today for a free, personalized consultation. With interest rates at record lows don't miss your opportunity to seize the moment, call today and you will find the skill, professionalism, and consideration we give to each of our clients which make getting your loan a successful endeavor. Why wait? Let us get to work for you. Call today to analyze your financial needs!

  • 30 Days most recent Pay-stub for each borrower
  • 2015 & 2016 Federal Tax Returns - All pages
  • 2015 & 2016 W2’s (1099 if not a W2 employee)
  • ***Additional returns may be needed
  • 2 Months Bank Statements – All pages for checking, savings, retirement, stocks, etc.
  • Copy of Driver’s License, US Residency Card or Gov’t Issued ID
  • Ratified Contract
  • **For a refinance

  • Copy of the Deed to the property
  • Current Mortgage Statement
  • Copy of Homeowners Insurance Policy
The "DO's and DON'Ts" of your Loan Process

While your loan is being processed there are certain "DO's and DON'Ts" which can have an effect on the outcome of your loan request. The following list of items will remain in effect not only until your loan has been approved, but until the loan is actually funded and recorded. In many instances, your credit, income and assets must be re-verified after you have signed your final loan documents.

We strongly suggest that you comply with the following lists:

    DO NOT:

  • Quit your job or get another job unless it is in the same line of work and for equal pay or more money. Please call your loan officer if this should occur.
  • Allow anyone to make an inquiry on your credit report.
  • Purchase an automobile.
  • Purchase any other real estate.
  • Co-Sign for anyone else on any type of loan.
  • Apply for credit, take on additional debt or complete any other credit application.
  • Charge additional debt on any existing credit account that you have.
  • Start any home improvements that are not a condition of this loan.
  • DO:

  • Keep all existing accounts current, such as mortgages, car payments and credit cards.
  • Make payments on all accounts on or before the due date, even if the account is being paid off with the new loan. If you have any problems make these payments, please contact your loan officer immediately.
  • Keep copies of all paycheck stubs, bank account or asset statements, along with any statements for bill being paid off through this loan.

(see the PDF Downloads to the right of this page)

We offer a variety of affordable loan options, competitive interest rates and we're by your side every step of the way.

 

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PDF Downloads

Real Estate Loan Application

Information Checklist

DO's & DON'Ts

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