We estimate our processing time from application to settlement to be approximately 30 days or less for first trusts and 10 days or less for second trusts.
Your application will be professionally
processed in the order in which it was received.
To expedite the processing of your mortgage request, please
complete the loan application in its entirety. After submitting your
application to the Mortgage Department, please fax the additional documents
that are needed in order to process your request. The necessary documents are
as follows:
- Two pay statements covering a recent 30-day period
- W-2 statements or tax returns for the most recent tax year
- The application fees:
- For first trusts -- $330 to cover the appraisal ($300), credit report ($20), and flood zone certification ($10)
- For second trusts -- $29 to cover the appraisal ($19) and flood zone certification ($10)
Please note that the Mortgage Loan Officer will contact you to
finalize your loan application prior to processing your fees.
You may lock in your rate at the time of application. If you wish to lock-in
your interest rate at any point once the application is submitted, please
contact the Mortgage Department at (301) 839-8429. Our fax number is (301)
839-8476. Please be advised that additional documentation and fees are required
in order to effect a lock-in.
Only NRLFCU members in good standing may apply for loans. If you are not a member click here.
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