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Mortgage Loans

Whether you are building, buying or refinancing a home, Grand Valley Bank is your full service Mortgage Banker.

Call us today! We work around your schedule and can set after hours appointments for you.

Download a printable loan application that you can fill out and bring in for faster processing. Click below to get your loan application. This loan application form is printer friendly and in Adobe Acrobat PDF form. Click below to get the FREE Adobe Acrobat Reader.
GVB Mortgage Loan Application Adobe Acrobat Reader

Type of LoanConventional
 

30 Year Fixed—Of the fixed rate choices, this loan will have the lowest monthly payment. The principal and interest will remain the same for 30 years.

10, 15, 20, and 25 Year Fixed—The payment will be higher than a 30 year fixed rate, but the interest rate will be lower. It will save a considerable amount of interest over the life of the loan. It builds equity in your home faster.

Adjustable Rate Mortgage (ARM) - This is a 30 year loan with payments that change from time to time depending on the market rate. The rate can go down as well as up. ARM loans have limits on how much the rate can change at each adjustment.

Type of LoanGovernment Loans
 

Veterans Administration (VA) Loan Basics

  • No down payment required for qualified veterans up to the limit as established by the Veterans Administration
  • 30 or 15 year fixed rate or ARM loans
  • More flexible qualifying guidelines than Conventional Loans
  • VA loans are only for owner-occupants – they cannot be used to purchase investment properties

Colorado Housing and Finance Authority (CHFA) This is a fixed rate, 30 year mortgage.

  • It offers below market interest rates.
  • To assist with the down payment, there are optional second mortgages with zero interest and no payments until payoff or refinance.
  • There are income and price limits.
  • CHFA loans can be used to purchase a home - they cannot be used for refinancing.
  • CHFA loans are only for owner occupants; they cannot be used to purchase investment properties.
 And Much, Much More
 
  • In addition to the home loan products presented here, GVB offers a wide variety of other loan programs and features, including:
  • Interest-Only Mortgages
  • Complete Selection of Adjustable Rate Mortgages
 The Mortgage Loan Application Process
 

I have completed and submitted a mortgage loan application, what's next?

At Grand Valley Bank, we try to make your mortgage loan application process as convenient as possible. Be prepared to provide the items indicated on the checklist below. This will help us evaluate your application quickly and efficiently. If you have any questions about the documents you will need to provide as we process your application please give us a call at 1-877-859-6040.

Mortgage Loan Checklist
  1. Copies of most recent pay stubs for the last 30 days and W-2's or 1099 Forms for the last two tax years.
  2. Most recent two years complete Federal Income Tax Returns, with all schedules (Three (3) years for CHFA loans).
  3. Information/Verification of your liquid funds: Copies of the last two months statements for the following types of accounts: Checking, savings, money market, mutual funds, certificates of deposit, stocks, bonds, or other securities. If you have sold a home or purchased land in the last year, a copy of your settlement statement.
  4. Complete Information on your residences for the previous two (2) years. This will include your mortgage holder's name, address, and loan number for all residences owned, and your current mortgage statement. Name, address, telephone number of Landlords for all residences rented.
  5. A listing of all credit card and installment loan account numbers, payments and balances. If your application is to consolidate debts, most recent statements for all accounts to be paid off with proceeds from this loan.
  6. A copy of your purchase or Real Estate Contract, including any addendums, signed by all parties to the transaction.
  7. Bankruptcy petition, schedule of debts, and discharge for any bankruptcy within the last seven (7) years.
  8. Divorce Decree and Property Settlement/Separation Agreement, if applicable.
  9. VA Loans - Name and address of nearest living relative and your original Certificate of Eligibility or DD-214.
  10. Name and telephone number of homeowner's insurance agent.
  11. For home construction loans, copies of plans and specifications, materials list, and cost breakdown. Land acquisition documentation may also be applicable.

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