Mortgage Application FAQs
FSB is here to answer some of your initial questions before starting the application process!
What Should I Do if I Encounter Issues During My Application?
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If any problems arise or you have questions during your application, FSB's Mortgage Team is ready to assist.
Simply submit this form or call 319-730-6990, and a lender will contact you.
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Can I Apply for a Mortgage Before Finding a Home?
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Yes, it is recommended to apply for a mortgage before finding a home, a process known as getting pre-approved. This clarifies how much you can afford and shows sellers you are a serious buyer.
Get Pre-Approved
Must be 18 or older to apply. All loans are subject to credit approval.
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What Affects My Mortgage Application?
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Several key factors impact your application, including your credit score, yearly income, debt-to-income ratio, and the how much you can afford as a down payment. Contact a lender to see how much you could afford!
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How Long Does the Application Process Take?
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Getting pre-approved can happen quickly, sometimes within a few hours. The entire mortgage process, from application to closing, typically takes 15 to 45 days once an offer is accepted.
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Can I Apply For a Home Loan with a Co-Borrower?
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Absolutely. Applying with a co-borrower could increase your borrowing power, especially if the co-borrower has a strong credit history or higher income.
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What Happens After I Submit My Application?
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After submitting your application and documents, a local FSB lender will review them, perform a credit check (with your consent), and start the underwriting process. Your lender will keep you updated throughout the process.
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Still Have Questions?
FSB's mortgage lenders are here to help! Reach out for personalized guidance and answers to all your homeownership questions.
Contact a Lender
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