How to Get a Loan

If you are purchasing or refinancing a home within our normal lending territory (Tennessee, Arkansas or Mississippi) and you select us to obtain your home loan, you'll be amazed at how our trained mortgage professionals guide you through the process. Before you know it, you'll have a mortgage that suits your lifestyle and saves you money.

Throughout the loan-application process, we provide you with regular updates. You can also e-mail us with questions or new information. And if you want assistance, a mortgage expert who can answer questions is just a phone call away.

Here's an overview of the loan-application process

STEP ONE -- Apply Now! Getting started is easy

When you've selected a property and have a contract with the Seller, the next step is to complete your loan application, which can be done easily through our website. To get started, select LOAN APPLICATION from the list on the left.

At the appropriate time we'll order a property appraisal for you.

STEP TWO -- Your Loan is Approved and Funded

Your Real Estate Agent or the Seller will designate a Closing Agent to handle the closing of your loan, along with many other factors which make your purchase go smoothly.

We will coordinate with the closing agent and you'll sign the final papers at their office.

Simple, Straightforward, Cost Effective, and FAST!

Magna Bank - "Great Together!"