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Refinancing 101:  Timeline and Expectations

Guide to Mortgage Loans - Pinnacle Bank The Way Banking Should Be

Documentation Needed

Loan Options

Valuation

Timeline & Expectations

Key Steps in the Mortgage Process

45 Days from Closing - Application
Buyer's Duties

  • Complete application

    • 2 year history

      • Employment

      • Residence

    • Acrruate Income

Lender's Duties

  • Analyze application and pull credit

  • Run through online underwriting

  • Issue preapproval

30 - 60 Days from Closing - Lock in Your Rate
Buyer's Duties

  • Written or Verbal confirmation to lock rate

  • Start shopping for insurance

Lender's Duties

  • Lock in interest rate

  • Issue early disclosures

  • Request documentation

    • Order appraisal

20 Days from Closing - Documentation
Buyer's Duties

  • Sign Disclosures

  • Return all documentation

  • Secure homeowners insurance

Lender's Duties

  • Review documentation

  • Request any missing documents

  • Review appraisal and tax transcripts

14 - 20 Days from Closing - Underwriting
Buyer's Duties

  • Homeowners insurance premium and policy finalized

Lender's Duties

  • File submitted to underwriting

7 - 10 Days from Closing - Loan Approval Final Numbers
Buyer's Duties

  • Loan suspended pending additional documents

  • Approve or denied

    • If approved, schedule closing with lender

Lender's Duties

  • Clear any final underwriting documentation requirements

  • Schedule closing with borrower

3 - 7 Days from Closing - Closing Disclosure
Buyer's Duties

  • Review electronically delivered closing disclosure at least 3 business days before closing

  • Call lender with questions

Lender's Duties

  • Prepare and email closing disclosure at least 3 business days before closing

0 Days from Closing - Closing
Buyer's Details

  • Bring funds to closing via cashier's check or wire

    • Purchase: payable to title company

    • Refinance: payable to Pinnacle Bank

  • Bring driver's license

Lender's Duties

  • Review closing documents with borrower(s)

  • Exchange loan proceeds funds with title

Calculators

To select a branch location or Mortgage Loan Specialist, click below to apply. We have branches in Nebraska, Missouri and Kansas.

Choose a Lender - Then Apply

Or click the below to apply now and we'll connect you with a Mortgage Loan Specialist based on location.

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Mortgage rates change daily. Contact our mortgage team for current rates.

 

NOTICE TO CONSUMER LOAN BORROWERS

IF YOU FEEL THERE HAS BEEN AN ERROR IN THE SERVICING OF YOUR MORTGAGE LOAN WITH PINNACLE BANK OR IF YOU WOULD LIKE INFORMATION CONCERNING YOUR MORTGAGE LOAN, PLEASE SEND A WRITTEN REQUEST TO:

Pinnacle Bank Compliance Department

20544 Highway 370, PO Box 598

Gretna, NE 68028

Your request must contain a) Borrower's Name, b) Identification of your loan such as loan 3 and c) Information on the error that is believed to have occurred or a description of the information requested. You will receive a response within 5 business days.

NMLS     |     FAIR LENDER     |     FAIR HOUSING  I    MEMBER FDIC

13131 W Dodge Road, Omaha NE 68154

1-402-697-0508    |     pinnaclebank.mortgage@pinnbank.com

 

NMLS #403445 

Mortgage rates change daily. Contact our mortgage team for current rates.

 

NOTICE TO CONSUMER LOAN BORROWERS

IF YOU FEEL THERE HAS BEEN AN ERROR IN THE SERVICING OF YOUR MORTGAGE LOAN WITH PINNACLE BANK OR IF YOU WOULD LIKE INFORMATION CONCERNING YOUR MORTGAGE LOAN, PLEASE SEND A WRITTEN REQUEST TO:

Pinnacle Bank Compliance Department

20544 Highway 370, PO Box 598

Gretna, NE 68028

Your request must contain a) Borrower's Name, b) Identification of your loan such as loan 3 and c) Information on the error that is believed to have occurred or a description of the information requested. You will receive a response within 5 business days.

NMLS     |     FAIR LENDER     |     FAIR HOUSING  I    MEMBER FDIC