Online Banking Login
 Enroll Now
 Help
 Online Banking FAQs
Like Us on Facebook! Google Search LinkedIn Subscribe to our Channel! Like Us on Facebook! Google Search LinkedIn Subscribe to our Channel!

The Mortgage Lending Process

The Mortgage Lending Process

Bank of Gravett offers mortgage home loans to customers that prefer local decision making and local servicing of their home loan.

Q: If I want to get a home loan, what do I do first?
A: You’ll first meet with a Bank of Gravett lender who’ll help you get prequalified, so you’ll know your price range while shopping for a home.

Q: What happens after I’m prequalified for a home loan?
A: After you’re prequalified, you can start shopping for a home in your price range.

Q: When I find a home I want to purchase, what happens next?
A: When it comes time to make an offer on a home, your real estate agent will guide you through this process.

Q: What type of Home Loan does Bank of Gravett offer?
A: Bank of Gravett offers adjustable rate home mortgages that are locally originated and serviced.

Q: What are closing costs?
A: Closing costs are various items that you have to pay for at closing which can include appraisal fees, title insurance fees, attorney fees, pre-paid interest and documentation fees, etc. The fees can vary depending on the type of home loan and  your location. We will make sure you receive a Loan Estimate of closing costs within three days of application.

Q: How long does it take to close?
A: Bank of Gravett will do everything they can to expedite the process, however under normal circumstances, the experience takes between 30 and 60 days.

Q: Shouldn’t I work with a large regional mortgage lender?
A: We believe one of the biggest benefits of working with Bank of Gravett’s lending team is that we’re a community bank who cares about  you and your family and are invested in our community. With local underwriting, competitive rates and personal attention from our experienced, personable lenders--we offer so much more than a big bank.