About the Loan Process

There's a lot to do when you get a mortgage loan. You wouldn't be looking up loan information if it were possible to get a mortgage loan in a single day by filling out a simple application. But Fidelity Bancorp does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

There are four main steps involved in getting a mortgage loan.

Step one: determine how much you can borrow

A couple of factors determine this amount. What kind of monthly payment are you looking for? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? Use the calculators on our website to determine your monthly payment amount. And we can guide you to the right loan amount and best program for you when you answer a few questions. Because lender guidelines are fairly standard, we can give you a good idea of how much you can borrow after a short conversation.

Step two: complete a pre-qualification

This is where the process really begins and Fidelity Bancorp can really save you money. You will provide info about your current job, assets, and your residence history. You'll give us information on your employment, asset, and residence history. We will pull get your credit report and score (only after you give your permission. We'll review all this information and will give you a letter of pre-qualification. Your agent should use your pre-qual (as they may call it) to make the best offer on the home you choose. While you're looking for a new home with your REALTOR™, we find the best program for you.

Step three: apply now! We make it easy

Once you have made an offer and the sellers accept it, it's time to apply for the loan. It's very easy, and you can do it online, right here on our site. After the seller has accepted your offer and you have submitted your loan application, we will order a professional appraisal on the home.

Step four: funding

Your REALTOR® and the seller's will coordinate to designate an escrow/title company to handle the funding of your loan. We'll coordinate with this company to ensure the papers your lender requires are available, and you'll probably}likely sign everything at their officeWe do all the work to coordinate with the title company to set your date to close. Because you won't need to coordinate this process, you can concentrate on moving logistics, paint colors, carpet, and the details involved in moving into a new house.

You've answered some few questions, given us detailed information, applied online, and Before you know it, you'll be moving! Fidelity Bancorp is in the business of loans; you're not — so we do the work. Makes sense, doesn't it??