the right mortgage for you.
A home purchase may be your largest financial transaction, so it's important to make the right decisions and to keep an eye on the details. There are many important things to consider throughout the process, especially if you're a first-time homebuyer. Viking Bank will assist you through every step of the way and you can count on us to:
» Provide options and assist you in selecting the best type of loan to meet your financial goals
» Keep you informed of your loan status throughout the entire process
» Keep your Real Estate Agent informed of your loan progress
Viking Bank has made it easier than ever to become a homeowner with a wide array of mortgage loan options to meet your individual needs. Once you select us as your mortgage loan partner, you'll be amazed at how quickly and simply the loan process moves.
Pre-Qualify
Contact one of our Mortgage Loan Consultants and we will assist in determining how much home you can buy. You'll need to supply some brief information about employment, assets, etc. and we will obtain your credit report. Once you've answered a few simple questions, we'll calculate your buying power, based on standard lending guidelines. Once guidelines are met, we'll issue your Pre-Qualification Letter, which gives you the clout of a "cash" buyer. As you begin looking for a home, we'll begin looking for the best loan to meet your specific needs, whether it's an adjustable rate or fixed rate loan. Your real estate agent will use your Pre-Qualification Letter to negotiate the best deal for you.
When you’ve selected a property
When you've selected a property and have a Purchase & Sale Agreement with the Seller, your Mortgage Loan Consultant will start the actual loan process. At the appropriate time we'll order a property appraisal and title insurance. Next, your loan will go through underwriting for approval.
Your Real Estate Agent or the Seller will designate an Escrow/Title Company to handle the funding of your loan, along with many other factors which make your purchase go smoothly. We will coordinate with the escrow team and you'll sign the final papers at their office.
A mortgage loan with Viking Bank is just the beginning.
We can meet your every personal finance need, to include: