Fidelity Bank is a locally owned community bank. Local ownership means local decision making – no long waits and layers of bureaucracy to get your loan approved.
At Fidelity Bank we specialize in what we call Right Size Housing Loans. What we mean by Right Size Housing Loans is that people's needs and circumstances change throughout their entire life. And we have the perfect loan to meet those needs.
So, whatever your circumstances we'll put together the perfect Right Size Housing Loan to meet your specific needs. Right Size Housing The Right Time to Right Size is Right Now!
Dustin, I just wanted to say thank you for a smooth, easy, and stressless mortgage refinance. It was a pleasure doing business with you. Never did I think the entire process could be conducted via tex***.and the added bonus of the traveling closing attorney sealed the deal that I would never go back to the conventional mortgage process. I actually enjoyed the experience as a result of your professionalism in being responsive and making me feel comfortable in my decision to go with Fidelity to take care of my mortgage needs. Will recommend you to others who are considering embarking on this journey. Thanks again!
I was a little skeptical of finding a rate online because I thought my be some hidden agenda. I got the advertised rate, locked in and no hidden agenda. Dustin was amazing to work with. He was very responsive, answered any questions I had. Overall this was the best experience I could have hoped for. I have bought a previous home with a local lender and this was 100 times better from all angles. I would not hesitate to use Dustin again or refer him to anyone I know.
I was a first time buyer and really didn't know how the process worked. He explained it to me the first time that we spoke on the phone and walked me through the process. I preferred email for communication which was great that we could do most of our business through email. It was a very painless process and after hearing all the horror stories that others have been through, I was very relieved that every thing had gone so smoothly. I have highly suggested him to everyone I know and will definitely being doing more business with him in the future.
Fidelity Bank is very competitive in the rates and attention to customer service. This is a bank you want to manage your financial needs.
Dustin is very proactive in taking care of details before we even knew they were needed where possible. He was very patient throughout the entire process and provided valuable information along the way that made the needs and process easy to understand. I would recommend Dustin to my closest friend as he is trustworthy, and looks out for the benefit of the client as well as his company.
Fidelity bank has more than 30 mortgage offices in seven Southern states. All borrowers need at least a 640 credit score to borrow from Fidelity Bank, and Fidelity underwrites loans by measuring all your information against a set of guidelines. Most of Fidelity’s loans are sold, so the loan underwriting must meet investor standards. Fidelity issues loans for single-family homes, certain condos and multi-family homes up to four units.
At Fidelity Bank, you can apply for a mortgage online or in person. During the application process, you may start working with a loan consultant to compare loan programs and decide which loan makes the most sense for you. Here’s what you will experience:
How to apply: To start an application, choose the Apply Now option on the left hand side of Fidelity Bank’s website. Once you enter personal information, you have to select a branch location that works for you. Then you’ll need to select a loan officer.
After that, you’ll start the true application process, which includes entering details about the home you want to buy and your personal information. This can all be done online. Applicants can also call a loan officer directly to start the loan application.
Disclosure process: Applicants at Fidelity Bank can start their application online, and they may submit documents online, too. Borrowers can also submit documents via fax or through an in-person meeting.
After you make an offer on a home, the value must be set by an independent appraiser.
Submitting loan for approval. Once the loan disclosure is complete, Fidelity Bank will move the loan to processing. Fidelity Bank’s loans are processed in-house, which means an employee of the bank will verify that applicants have submitted everything that’s needed. Once processing is complete, the loan moves to underwriting.
Final approval. As long as applicants have all the appropriate documentation, a Fidelity Bank underwriter will submit the loan for a final approval.
Closing. After Fidelity Bank approves you for a loan, you’ll move toward closing. Before you sign the loan documents, Fidelity Bank will send them to you. You can review the documents and be sure the rate and terms were what you expected.
Borrowers will work with their real estate agent and attorney to decide when and where to close the loan. In general, the closing will take place at a real estate attorney’s office. You’ll need a cashier’s check or another form of certified funds to pay for closing costs. Once the funds are in place, borrowers will sign the loan documents to officially become homeowners.
During the loan process, you’ll work entirely with Fidelity Bank employees. In general, your two points of contact will be a loan officer (who will help you decide on the best mortgage for your circumstances) and a loan processor. The loan processor is in charge of ensuring that all your documentation meets underwriting guidelines.
Fidelity Bank encourages all loan applicants to respond to requests for information within one day of receiving them.
Editorial Note: Parts of this article were reviewed by a lender to ensure accuracy prior to publication. The overall conclusions, recommendations and opinions are the author’s alone.
The information in this article is accurate as of the date of publishing.