Doolin Security Savings Bank, FSB offers Fixed Rate Mortgage Loans with 10, 15, 20, and 30 year terms. Your interest rate will be determined by both your credit rating and the loan term you select. Fixed Rate Mortgages provide you with a fixed rate of interest over the term of your loan. Doolin Security Savings Bank, FSB will lend you up to 80% of the appraised value of your property for both purchase and refinance transactions. We may consider up to 90% of appraised value for your loan.
(Note: any mortgages exceeding 80% Loan to Value will require Private Mortgage Insurance)
You will need to submit your mortgage application in person. You’ll provide information about yourself and anyone else who is going to be listed as a co-borrower on the mortgage loan.
To apply for a home mortgage, you’ll need to provide us with documentation to help verify your income, employment history, creditworthiness, and overall financial situation. If you are applying with someone else (called a co-borrower), they will also need to provide the same documents. Be prepared to provide the following:
- W-2s (for the last 2 years)
- Recent pay stubs (two most recent consecutive)
- Bank statements for all financial accounts, including investments (for the last 2 months, all pages)
- Signed personal and business tax returns (all pages and relevant schedules)
- If self-employed, a copy of most recent quarterly or year-to-date profit/loss statement
- A copy of the signed Purchase and Sales Agreement
We may require more documents, depending on your circumstances and the type of mortgage for which you’re applying. You can expect us to ask you details about your employment and financial history. With your permission, we will also run your credit bureau report as part of the process.
Come and see us today, so that we can help make your dreams of home ownership a reality!
A $250 non-refundable Loan Origination Fee will apply to all Mortgage Loan Applications. 0 points will be charged. A $20 Credit report fee will also be charged at time of application. Additional non refundable fees may include Appraisal, Flood Certification, and Title Report. Other closing fees will also apply.
The Interest Rate charged will be determined based on your credit rating.