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Frequently Asked Questions...

Still have questions, ask our Loan Experts!

Frequently Asked Questions
(Ask an Expert!)

Why Should I use State Bank?

When you originte your loan with State Bank.....

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How long does the home loan process take?

Every home loan situation is different, so it's difficult to accuratley estimate how long your home mortgage process will take. 

What documents will I need to apply for a mortgage?

Traditional loans usually require documents that verify your employment, income, and assets, and may include:

  • Your Social Security number
  • Pay stubs for the last two months
  • W-2 forms for the last two years
  • Bank statements for the past two to three months
  • One to two years of federal tax returns
  • A signed contract of sale (if you've already chosen your home)
  • Information on current debt, including car loans, student loans, and credit cards
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What is the minimum down payment required for a home loan?

While 20% may be the most common down payment requirement for most conventional loans, some products, like FHA loans, require down payemnts as low as 3.5%.  Be sure to weigh all cost though since loans with lower down payments can often cost more over the life of the loan.

What are closing cost?

Mortgage

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