Whether you’re buying your first home as a family or thinking about a second home, turning to the oldest financial institution founded in Winston-Salem and still in existence today, seems like a wise plan!
As Piedmont Federal Savings Bank celebrates 120 years of extraordinary service, what’s most important is that clients always know they matter. They are your trusted financial source for all ages and stages of life, with a proven track record of staying true to the ideals of the original founders. Customer service is a given, and providing expert guidance along the way is something you can count on.
What Are the Top Five Things to Consider When Seeking a Home Loan?
- Check your credit before you start the process.
- Have a financial discussion with a local, experienced Piedmont Federal Savings Bank Loan Officer.
- Determine if a fixed rate loan or an adjustable rate loan is right for you.
- Gather supporting documentation (pay stubs, W2s and asset statements).
- When shopping for a mortgage, consider rate, closing costs and personalized service.
Before you start your dream home search, make an appointment to speak with a Piedmont Federal Loan Officer. They can help you understand your credit report and suggest an action plan for any points you need to improve. They can also inform you about different types of loans and what steps you would need to take to qualify, as well as help determine your down payment, closing costs and payment options.
Be Prepared! Questions to Ask a Piedmont Federal Loan Officer:
- How much can I borrow?
- What is my interest rate?
- What are my closing costs?
- What is the minimum down payment?
- What documents will I need to provide?
- What is the approval time frame for my loan?
If you’re in the market for your first home or even just considering the idea, their first-time homebuyers program can be the positive boost you need. Piedmont Federal strives to make home ownership as easy and affordable as possible for qualified, credit approved, first-time homebuyers. With no loan origination fee and the refund of your appraisal fee, you’ll get to hold on to more of your hard-earned cash.
Piedmont Federal is also the only bank to be voted “Best Mortgage Lender” eight years in a row by the Winston-Salem Journal. Their home loan specialists help walk you through the process and answer all your questions. Even better, they are here for you over the entire life of your loan. They don’t sell loans, which means your mortgage won’t bounce around between banks all over the country, and you’ll always know who to talk to with questions. Piedmont Federal keeps your mortgage close to home where it’s not only serviced, but stays here in the community, as well. It’s a tradition they have upheld for more than 100 years!
If finding a new home tops your wish-list for this spring or summer, reach out to a Piedmont Federal Loan Officer today. Piedmont Federal Savings Bank’s home office is located at 201 South Stratford Road in Winston-Salem. Contact them at 336.770.1000 or online at piedmontfederal.bank.