- What documents will I need to start the loan application process?
- 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)
- What are your fees?
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.