Home Loans
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At Riverside Community Bank, we know that purchasing a home can be one of your largest investments. We strive to make the financing of your home an enjoyable experience by working to find the financing options that best suit your needs. Whether you're buying your first home or simply refinancing the one you have, we have the financing solution for you!
Home mortgage loans from Riverside Community Bank
Our home mortgage is your gateway to the most complete set of financial services in the Rockford area. Take advantage of Mortgage Pack, available exclusively to first mortgage customers at Riverside Community Bank:
- Mortgage Pack Checking: An interest bearing checking account with NO minimum
balances and NO monthly service charges. - Visa®/Debit Card: Leave your checkbook at home and make purchases with funds
from your checking account without writing a check or use it as an ATM card. - Visa® or MasterCard®: The annual fee will be waived for the first year
on a Riverside Visa® or MasterCard® credit card account. - Safe Deposit Box: Receive any size safe deposit box at half price for the first year.
- Consumer Loan Discounts: 1/4% reduction in rate on most types of installment loans
with an automatic payment from your Riverside checking account. - Equi-Line: A home equity line of credit may be available to you.
With these features, along with fast loan decisions and local personal service, we can provide you
with the most comprehensive and convenient loan package possible.
Whether you are buying, building or refinancing, we've got a home
mortgage loan to meet your needs.
- Conventional Fixed Rate Loans
- FHA Loans
- Portfolio ARMs and Balloon Loans
- Construction Loans
- Lot Loans
- Bridge Loans
- Jumbo Loans
- Investment Property Loans
- Vacation and Second Home Loans
- Condominium Loans
- First-Time Home Buyer Loans
- Illinois Housing Development Authority Loans
- City of Rockford Grants and Loans
You've come to the right place for your home loan. Now, just relax and bank on our friendly lending
professionals to help you make the right decisions.
Documents you'll need for your mortgage loan application
- Copy of your purchase agreement signed by all parties.
- Copy of the earnest money check you gave your realtor.
- Most recent two years' W-2 forms.
- Original pay stubs for the most recent 30-day period showing YTD earnings.
- Most recent three months' bank, brokerage, investment, and retirement statements.
- Proof of other sources of income as necessary (pension, Social Security, etc.)
- Divorce decree, property settlement, bankruptcy petition and discharge if applicable.
- Name, address and phone number of landlord(s) for the past two years if applicable.
If you are self-employed or commissioned:
- Most recent two years' individual federal income tax returns with all schedules.
- Most recent two years' business federal income tax returns and K-1s if you have a 25% or greater
ownership. Current YTD income statement and balance sheet if you have a 25% or greater ownership. - Most recent two years' W-2 forms.
- Original pay stubs for the most recent 30-day period showing YTD earnings.
- Most recent three months' bank, brokerage, investment, and retirement statements.
- Proof of other sources of income as necessary (pension, Social Security, etc.)
- Divorce decree, property settlement, bankruptcy petition and discharge if applicable.
- Name, address and phone number of landlord(s) for the past two years if applicable.
