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First Savings Bank’s mission is to create a higher quality of life for our customers, employees, communities, and shareholders. Our business is committed to building customer relationships, conducting business with integrity, and providing the best client service.
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The First Savings Bank Process Makes You A Homeowner In 7 Easy Steps
You want to buy a new home, and time is of the essence. We get it. First Savings Bank uses cutting edge technology to get your loan commitment as fast as possible and get it closed quickly. Our loan application and approval process is painless, pleasant, and preceise. Here’s what you can expect:
We Have A
We’ll meet and have a discussion. A loan officer will consult with you on your credit, manage expectations, and go over in detail what your available financing options are based on your situation and needs. We’ll then help you pick your perfect match loan, including the loan program and interest rate, that is ideal for your family.
Apply For Your
We move full speed ahead with your application, which includes gathering as much information as possible upfront. We’ll then inform you what additional documents are needed, including tax returns, pay stubs, bank statements, and employment history.
Appraisal And Underwriting
After we receive the requested documents from you, we’ll promptly order an appraisal, title insurance, tax transcripts, verify your employment, and gather other documents needed for closing. One of our loan processors reviews the paperwork to “pre-underwrite” your loan, then it’s submitted for underwriting. Our underwriters rapidly, but thoroughly, access your loan to have it released within hours.
And Loan Commitment
This is the step when you can breathe a sigh of relief. Your loan has been approved, but it comes with conditions that must be met before it can close. You’ll receive your loan commitment subject to these conditions, which your loan officer will work with you to address and resolve.
We’ll gather your additional documents noted in the conditional approval, as well as the third-party paperwork we ordered on your behalf. We then submit it all to the underwriter for “clear to close” on your loan.
The underwriter reviews your loan, affirms that all conditions have been met, and signs off on approval. Now your loan is officially ready to close!
Congratulations! You’re about to become a homeowner. We’ll schedule your closing, work with the closing attorney to assemble the final paperwork, and confirm the total funds needed at the closing table. The last step is receiving the keys to your new home!
Propel Your Career With First Savings Bank
With access to the best technology in the business, competitive rates, and loan servicing that consistently exceeds clients’ expectations, our branch managers are fast-tracked for success. Read More..
We don’t just hire loan officers, but we continuously groom your career for advancement. This is done through progressive training that keeps you on the top of your professional game. Read More..
Real Estate Agents
From two-way client referrals and helping to grow both of our businesses, we value our relationships with agents. We invite you to partake in our co-marketing program so we can enjoy mutually-rewarding benefits. Read More..