Lending Process

Here's what you can expect during the lending process:

The online application takes about 15 minutes to complete. We will ask questions about your property and finances.
Once we receive your application, we will contact you within one business day to review your application, financial situation and financing options.
Next, we'll send you a welcome letter that contains a list of items that we need to verify the information you provided during the online application.

We will guide you every step of the way.

Underwriting/Commitment

A loan underwriter will review your financial profile and compare it to the guidelines for your chosen product. If approved, you will receive a written commitment of the terms and conditions. Processing may include the verification of your financial information, collection of documents to satisfy conditions of the commitment, and a review of the appraisal of the property. We will be happy to answer any questions you may have.

Closing

The closing is a meeting of all the related parties to finalize the transaction at the branch of your choice. At closing, paperwork associated with the transaction will be signed and witnessed, and arrangements will be made for the disbursement of the loan proceeds.

Calculate your rate and payments

Need more information?

Understanding your personal credit score

Your credit score is a key factor that is used when you apply for a mortgage, loan or credit card. So how is it calculated, and how can you improve it?

Learn more about credit scoring

Investment and insurance products: not a deposit; not FDIC insured; not insured by any federal government agency; not guaranteed by the bank or any affiliate; and, may be subject to investment risk, including possible loss of value. Insurance products are offered through TD Banknorth Insurance Agency, Inc. or TD Bank, N.A.

Bancnorth Investment Group, Inc. is:
• An independent registered broker-dealer • Not affiliated with TD Bank, N.A. or its related companies • Member FINRA and SIPC.
Securities and insurance products are provided by Bancnorth Investment Group, Inc.:
• Not a Deposit • Not FDIC Insured • Not insured by any Federal Government Agency • Not Guaranteed by the Bank or any Affiliate • May be Subject to Investment Risk, Including Possible Loss of Value • Advisory services may only be offered by financial advisors in connection with a PrimeVest Advisory Services Agreement and disclosure brochure as provided.