What to expect during the mortgage application process

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Application

You will meet with a People’s United Bank mortgage expert to discuss both your short term and long term goals as a potential home owner.

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Appraisal & Processing

A licensed appraiser will appraise the property being financed. We will verify your income and assets, review property information and credit history.

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Commitment

Your application and financial profile will be reviewed by a mortgage loan underwriter. If approved, a commitment letter will be issued.

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Closing

At closing you will sign the final loan documents.

Buying your first home?

Know-how turns someday into moving day. Here is some helpful information you need to make informed decisions during the home buying process.

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Buying a home is a journey

Download the roadmap and get started. We’ll help you with the essentials – how much you’ll need for a downpayment, the type of mortgages available, and how to bring it all together in an efficient, cost-effective process. And don’t forget – when you’re ready, our mortgage experts are here to help.

 

 

Save $500 on closing costs*

 

 

 

*$500 credit will be applied at closing. This offer is only available for purchase transactions on owner occupied primary properties. Offer may be withdrawn at any time and may not be combined with other offers. Terms and conditions apply.

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