Fast-Track Your Mortgage Process
At Croghan Colonial Bank, we make the home loan process as smooth as possible. Our team leverages local expertise and advanced technology to help you secure a loan decision and funding quickly. Want to move things along even faster? Here are five ways to speed up the mortgage process and get into your new home sooner.
5 Ways to Get Your Loan Approved Faster
Stay Organized
Gather all necessary documents in advance and keep them in one place. This includes pay stubs, bank statements, tax returns, and W-2s. Having everything ready reduces delays and makes the process less stressful.
Respond Quickly to Requests
Your lender may request additional documents or clarifications during the review process. Responding promptly helps keep everything on track and prevents unnecessary delays.
Schedule the Appraisal ASAP
The home appraisal is one of the longest steps in the loan process. If you’re refinancing, make the appointment as soon as the appraiser calls to avoid unnecessary waiting. Remember, appraisers focus on home value, not minor clutter—don’t delay the process over last-minute cleaning.
Be Honest and Thorough on Your Application
Complete your loan application fully and accurately. Omitting credit accounts, employment history, or financial obligations can slow down the process and create unnecessary hurdles. Transparency ensures a smoother, faster approval.
Prepare for Credit Report Questions
If you have late payments, past delinquencies, or other credit issues, be ready to provide an explanation. Whether due to job loss, medical expenses, or other circumstances, sharing the details upfront can help your lender understand your situation.
The Power of Home Loan Pre-Approval
Getting pre-approved before you start house hunting can save you time and give you a competitive edge in the market. With a pre-approved mortgage, you’ll:
Know Your Budget
Focus on homes within your price range.
Strengthen Your Offer
Sellers take pre-approved buyers more seriously.
Speed Up Closing
Much of the financial review is already complete.
What You Need for Pre-Approval
To get pre-approved, you’ll submit a mortgage application along with:
- One month’s recent pay stubs
- Two months’ bank and asset statements
(checking, savings, retirement accounts) - Last two years of W-2 statements
- Two years of tax returns (if self-employed, an
independent contractor, or commission-based)
Important: A pre-approval is not a loan guarantee. Changes in income, employment, or interest rates may require re-evaluation before final loan approval.
Get Started Today
Ready to move forward with your home loan? Contact Croghan Colonial Bank to start the pre-approval process and speed up your path to homeownership.
Important Legal Disclosures
*All loans are subject to credit approval.