Mortgage Checklist & Basics

Mortgage Basics

Embarking on Your Home Financing Journey

Welcome to Jonah Bank of Wyoming, where your dream of home ownership and smart financing starts. Whether you're purchasing your first home, refinancing for better terms, or planning for lifelong dreams, our dedicated team is here to simplify the process and tailor solutions to your needs.

Comprehensive Home Purchase and Refinancing Options

We offer an extensive range of mortgage products including Conventional, FHA, VA, WCDA and Jumbo Loans. Purchase and Refinance solutions to suit every financial scenario

Purchase Solutions:

Primary residence 1-4 family homes, Second Home, and Investment 1-4 family homes.

Refinancing Solutions:

Consolidate Debt: Streamline payments and financial obligations.
Manage Life Changes: Adapt financially to changes like divorce or buying out a co-owner.
Access Home Equity: Unlock funds for significant expenses, like renovations or education.

Personalized Guidance and Calculation Tools

Understanding what you can afford is key. Try our Mortgage Calculator to see payment plans and scenarios that fit your budget, helping you make informed decisions whether buying or refinancing.

Navigating the Home Financing Process

Purchasing or refinancing your home is a major financial commitment. Let us guide you through each pivotal step:

  1. Prequalification and Consultation: Obtain a prequalification letter to demonstrate your borrowing  power.­ Schedule a personalized consultation Cheyenne or Casper to discuss your financing needs and  options with one of our expert loan officers.
  2. Tailor Made Solutions: We ensure your chosen loan product aligns with your financial goals, offering        expert recommendations and support.
  3. Collaborative Support: Enjoy a seamless experience with organized coordination between Jonah Bank, your real estate agent, or financial advisor.

Why Choose Jonah Bank of Wyoming?

We are committed to making your home buying and refinancing experience efficient, pleasant, and ultimately rewarding. Our experienced team offers insights and assistance tailored to your unique situation, ensuring all your questions are answered and your concerns addressed.

Ready to Begin Your Journey?

Your home financing goals are within reach. Call or visit your local Jonah Bank of Wyoming branch today, and let us help turn your ambitions into reality, whether it’s finding your next home or securing the best refinancing terms.

 

To ensure a smooth loan process, have the following documents ready:

Identity Verification:

  • Driver's License: Valid identification as required by the Patriot Act.
  • Resident Alien Card: If applicable, for non-U.S. citizens.

 

Income Verification:

  • Pay Stubs: Last 30 days showing year-to-date earnings.
  • W2s: Most recent two years for income analysis.
  • Self Employed: Two years of personal and federal business tax returns (all pages).
  • Social Security/Pension: Award letters for benefits.
  • Recent Graduates: Transcript, if graduated in the past two years.
  • Divorce Decree: All pages, court stamped, and property settlement, if applicable.
  • Alimony/Child Support: Child support order and proof of receipt for the past six months.

 

Asset and Account Verification:

  • Bank Statements: Recent two months or last quarterly statement for all accounts.
  • Retirement Accounts: Latest statement and withdrawal terms.
  • Non-Payroll Deposits: Document any large deposits.
  • Real Estate: Lease agreements and mortgage statements with tax/insurance details.
  • Military Documentation: DD214, NGB 22/NGB23 as applicable.

 

Post Contract:

  • Insurance Agent Contact: Provide details at least 21 days before closing.
  • Presentation: Show homes that align with your requirements.
  • Market Insight: Help you identify good buys and evaluate resale potential.
  • Negotiation: Secure the best deal on your behalf.
  • Inspection Assistance: Guide you through the inspection process.
  • Loan Selection: Help you choose the best loan for your situation with competitive rates and fees.
  • Status Updates: Keep you informed throughout the loan process.
  • Confidentiality: Share status milestones of your loan with your agent without compromising your privacy.
  • Communication: Keep your real estate agent updated on any questions or concerns.
  • Timely Action: Provide necessary documentation and make decisions promptly.
  • Objective Purchasing: Stay focused and objective to make sound business decisions.
  • Prequalification: Get prequalified early to bolster your buying power.