- What documents will I need to start the loan application process?
What are your fees?
- 2 Years most recent tax returns (Most recent W-2 for all borrowers)
- 2 Most recent pay stubs
- Most recent copy of bank statement(s)
The fees for a loan with Tioga-Franklin will depend on the type of loan, as well as other individual factors. A loan officer can discuss these with you individually.
Are there any up front costs?
The only costs required up front are the appraisal and the cost for obtaining your credit report. The up front costs are approximately $400.00 for a residential loan application. Some property types, such as commercial properties, may require a higher appraisal cost.
Is there a charge for a Pre-Approval letter?
There is no charge for a Pre-Approval letter, however, the required financial documents must be provided for a loan officer to grant a pre-approval.
How long will it take to close my mortgage loan?
Generally the process takes about 4 weeks from the date of application to settlement.