Home Loans & HELOC

Residential Real Estate – 1 to 4 Family

Our Real Estate Lending Team is with you from start to finish. We offer a pre-approval process to help you get into your new home faster with a wide variety of loan products:

Secondary Market Loans

• Variable and Fixed Rate Conventional Loans
• First Time Home Buyers
• Rural Development (RD) Loans
• Federal Housing Administration (FHA) Loans
• Veterans Administration (VA) Loans
• Jumbo
• 3% or 5% Down Payment Options
• HomeReady^® Loans
• HomePossible^® Loans

Escrows

Escrows are documents, real estate, securities, monies, etc. deposited with a neutral third party (the escrow agent) to be delivered only upon the fulfillment of a condition. Independence Bank acts as the escrow agent, holding documents and acting for both parties in accordance with instructions. This includes handling payments and disbursements, issuing 1099’s and 1098’s, and the optional reserve account for taxes and insurance. Please contact Christen Ouellette, our escrow agent, in the Havre branch if you have any questions.

Starting the Process…

Call or stop in at any Independence Bank location to talk to one of our Real Estate Lenders or email the team at ibhome@ibyourbank.com.

IMPORTANT: Internet email is not secure. It does not use SSL encryption so please do not send sensitive information such as your social security number, account number, or any other personal information. If you would like to send an email to us that contains sensitive information, we can send you a link to our secure site. Once you have this link you can send the information, as instructed, for secure transmittal.  

Meet Your IB Home Team Lenders

Independence Bank - NMLS #462921

 
Meet Your IB Home Team Support Staff

Real Estate Loan Application Checklist

In order to process your loan application as quickly as possible we have compiled a checklist of the documents and information that is required from the borrower and the co-borrower(s) to complete the loan application. We may require additional information and documentation depending on the circumstances of your loan. Please have this information available at your initial interview with one of our real estate lenders:

• Previous 2 years Federal Tax Returns (with all schedules attached)
• Previous 2 years W2’s for all borrowers
• If commissioned income, please bring last 2 years signed Federal Tax returns with all schedules
• If self-employed, please bring last 2 years signed Federal Tax Returns with all Schedules and year to date Profit and Loss Statement and Balance Sheet
• Current Pay stub with Year To Date totals (if pay stub does not have YTD totals, please supply 1 consecutive month worth of pay stubs)
• Most current Bank Statements on all accounts, Investments, and Retirement. All pages of bank statements required.
• Final Purchase Agreement and Listing Sheet
• Copy of Driver’s License
• Landlord Name & Address for past 2 years (purchase only)
• Copy of Divorce Decree and Child Support Verification (if applicable)
• Payment of Appraisal Fee (Lender will request payment for the appraisal after the applicant has signed the Intent to Proceed, per regulation)
• Home Owners Insurance Information
• VA Loans will require additional documentation as follows:
  • Certificate of Eligibility
  • Housing Card (active duty)
  • Statement of Service (active duty)
  • DD214 (non active duty)
  • Permission to reside off base (active duty)