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The Mortgage Lending Process

The Mortgage Lending Process

Bank of Gravette 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 Gravette 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 Gravette 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 Gravette 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 Gravette’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.