Have a question on your mind?

12. This is the first time I’ve bought a house. Are there any special programs available to me?
There are several programs that do not require any money down and offer assistance to first-time homebuyers. Ask any loan originator for details.

13. If everything goes smoothly, how long does it take to go from applying for the loan to the closing?
On average, the process takes 30 days.

14. With the growing threat of identity theft, how do I know the information I provide will be kept confidential? Is there a privacy policy in place?
We have a privacy policy in place at First Western.

15. I had a few months of making late payments because my child was sick and I couldn’t always go through my bills promptly. It hurt my credit rating. What can I do?
We would need a completed application and credit report in order to assess your situation.

16. I’m recently divorced, and have no credit history because everything was in my spouse’s name. Can I still get a loan?
We would need a completed application and credit report in order to assess your situation.

17. Why do I need to pay for an expensive title search? Isn’t the title transferred to the new owner every time a sale was made?
A title search is done in order to prove that there are no current liens or judgments on the property you are purchasing. It is the bank’s responsibility to prove that you are purchasing a “free and clear” property.

18. My family is giving me the money for my down payment. Is this a problem?
This is allowable under certain circumstances. Ask a loan officer for details.