How To Apply
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The Application Process
Even before you begin house hunting, call one of our Mortgage Consultants for a quick pre-qualification. It only takes a few minutes to start the process-it's that easy! If you are thinking about refinancing your home, we can provide you with a pre-qualification estimate, just so you'll know the loan size you can afford.Call Prism Mortgage at (952) 546-6272 and request an application package |
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The Loan Process
Typically to start the loan process once your application is received are these following douments:
- Copies of recent bank statements, and asset accounts. - Two (2) years of W-2's or signed tax returns if self- employed. - Copies of recent pay stubs. - Recent Mortgage coupons. - Copy of property tax statement. Other items can apply depending upon your circumstances and loan program you use. The average time it takes, once the application is in to our office, to close on your loan is twenty (20) business days. More often than not, sooner than twenty (20) business days. In that time frame it takes to process your loan an appraisal will be genrated for your property, as well as title work. |