Return to the
Home Mortgage page,
or our
Rates page.
Download our
Residential Loan Application
(requires Adobe Acrobat Reader)
After printing and filling out your application,
Fax to:
Attn: Henry D. Harseim
Phone: 815-942-3232
Fax: 815-942-6109
Mail to:
Morris Building & Loan
Attn: Henry D. Harseim
211 E. Jefferson Street
Morris, IL 60450
or drop it off during regular business hours. |
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Loan Application Checklist
- Loan Application (provided)
- Real Estate Sales Contract (for purchases only)
- Signed Mortgage Partnership Finance Program Disclosure (provided)
- Signed servicing disclosure statement (provided)
-
Current pay stub reflecting year-to-date
income
- W-2's for the most recent two years or if you are self-employed, two years tax returns with all
schedules and a year-to-date profit and loss statement
- Most recent two months statements for all deposit accounts including savings, checking, investment,
IRA's and 401K accounts
- Legal description of property--provide either a title policy, copy of deed or plat of survey, if
available
- Real Estate tax bill (for refinances only)
- Copy of homeowner's insurance declaration page or, if not available, please provide name and phone
number of insurance agent
- Monthly mortgage statement of current lender (for refinances only)
Estimated Costs for Refinancing
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Application Fee
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$300.00
|
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Document preparation fee
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$100.00
|
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Flood determination report
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$ 16.50
|
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Recording charges
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$ 78.00
|
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Appraisal fee
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$225.00
|
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Overnight mailing fee
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$ 16.25
|
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Loan title policy, see below
|
$300.00
|
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Estimated Subtotal
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$1035.75
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Estimated Costs for Purchases
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Application Fee
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$300.00
|
|
Document preparation fee
|
$100.00
|
|
Flood determination report
|
$ 16.50
|
|
Recording charges
|
$ 78.00
|
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Appraisal fee
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$250.00
|
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Overnight mailing fee
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$ 14.40
|
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Loan title policy
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$195.00
|
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Title company closing fee (min)
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$225.00
|
|
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Estimated Subtotal
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$1178.90
|
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Additional Costs
Loan title policy of insurance [for refinances only] (cost is based upon loan amount)
Odd days interest (interest from date of closing to end of month)
Escrow for real estate taxes and home owners insurance (escrow not required for loan values of 80% or less)
One point loan origination fee (one percent of the loan amount) for loans in excess of $333,700
For more information, contact Henry Harseim at (815) 942-3232, fax (815) 942-6109 or by email at
loans@morrisbl.com
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