Mortgage Application Process

Applying for a mortgage can feel overwhelming — but it doesn’t have to be. Here’s a quick step-by-step breakdown of the smooth process with FFB.


Discover the mortgage application process with First Federal Bank

We’re here to help with your home buying journey — from initial contact to closing. Here’s a quick guide on what to expect when applying for a mortgage with FFB.

The Mortgage Process Step-by-step

 First things first: doing research. It’s important to know what you’re looking for, but knowing what to look for can be tough — especially for first time home buyers. Reach out to FFB so you can learn more about us, our process and what types of mortgages we have to offer. We’ll find what works best for you and move from there.

Next step is applying for pre-approval with our fully online application. A pre-approval letter lets you know how much you can borrow against and what your interest rate will be. We’ll take a look at your income, assets and credit to determine how much we’ll pre-approve you for.

This is the waiting period for potential homeowners. Your application will be prepared for underwriting. Usually, credit reports are run and information on the application, like bank statements and payment history, are verified.

Next, we’ll have an underwriter take a closer look at your assets and finances. We do a majority of our underwriting in-house at FFB. We also offer manual options for special use cases.

After your loan is approved, it’s time to close. You’ll have a chance to ask any last-minute questions about your loan before you pay your down payment and closing costs

FFB is always here to help you, even after you close. From helping you move to a new home to refinancing to buying a second home — we’re here to help with anything else you need. 

Daniel B

“I was confused on the VA loan process and Tom was patient with me to work through the process as it was my first time using the loan. I am happy at the end result and would love to work with Tom again in the future!”

Daniel B


FFB offers an online pre-approval process that can get you approved in a matter of minutes.

You cannot lock in a rate until your application is complete and you have gone through the necessary steps. Depending on the type of loan you get, the number of days the process will take can vary.

Depending on the terms of the letter, pre-approvals are good for 90 days. In the event that your home search needs change, please contact your individual mortgage lender directly for assistance.

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