Eric with Bell Mortgage

  • Eric can help you finance your dream of a new home.
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Our Process

Trust the biggest purchase of your life to our experience. Bell State Bank & Trust’s lenders have the experience you need to help you find the home loan that’s right for you. Whether you’re ready to start on your way to getting your first home, your next home, or a better rate on your existing mortgage, our lenders will walk you through every step of the loan process. Now is the perfect time to get in touch with us and get the personal advice and guidance Bell is famous for.

What to Expect in the Loan Process

We’ve built the most convenient home loan service ever! Here’s how it works:

1. In less than 20 minutes, you can complete our online application.

This pre-approval application will ask you questions about the home you wish to buy and your finances. To process your application, we need financial information about you – your current mortgage or rent, your other loans, your income, your assets, etc. As soon as you’ve finished the application, we’ll review your request and immediately begin to process it. Then, one of our mortgage lenders will contact you to answer any questions you may have. No worries – our mortgage experts will provide help and guidance through the entire home loan process!

2. We’ll send you an application package and prepare your loan for processing.

Your loan application will include papers to sign and a list of items we’ll need to verify the information you provided about your finances during the online application.

Here is a summary of the forms involved:

  • Good Faith Estimate of Settlement Costs
    This details the loan amount and all related charges and fees.
  • Truth in Lending Disclosure
    This lets you know what your estimated annual percentage rate of interest (APR) will be and any other program features that apply.
  • Borrowers Certification
    When you sign this, you authorize that all the information you provided is correct to the best of your knowledge. It also lets us finalize the process by contacting your landlord, employer, mortgage company, etc. and getting your credit report. Title insurance will be necessary. If you are purchasing a home, we’ll work with the real estate broker or seller to make sure that 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 policy to confirm the legal status of your property.

3. Appraisal

Next, we’ll order the appraisal from a licensed appraiser who is familiar with home values in your area to determine its fair market value. The appraiser will visit the property and compare its features, floor plan, lot, etc. against other similar properties in the area. (You’ll receive a copy of the appraisal at closing.) We also obtain a title report (an attorney’s opinion) at this time. This will tell us the legal details of the property including liens against it (i.e. another loan).

Depending on your finances and the loan amount requested, different types of appraisals are used. Sometimes the appraiser will need to view the inside of the home; sometimes they are able to do their evaluation from the street.

4. We’ll contact you to coordinate your closing date.

After we receive your application package, the appraisal and the title work, we’ll contact you to schedule your loan closing. If you are purchasing a home, we’ll also schedule the closing with the real estate agent. The closing will take place at an approved title office in your area. A few days before closing, your lender will contact you to walk through the final information.

5. Apply now.

Start now by contacting Eric Pirius and you will be on your way to the most convenient home loan ever! That’s all there is to it.

Get Started on Finding Your Dream Home

Contact Eric Pirius for a complimentary consultation.

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