What to Expect

• Complete and submit the online mortgage application.
• Print the General Consent Form , sign, date and return to our Online Mortgage Group. You may fax it using our Fax Cover Sheet or mail it to: NEFCU Attn: Online Mortgage Group, P.O. Box 527, Williston, VT 05495.
• Collect applicable items from the Mortgage Checklist for your situation.
• You may wish to review Description of Loan Disclosures.
• A Mortgage Loan Officer from our Online Mortgage Group will contact you to discuss your application and to ensure that the loan program you selected is suited to your goals.

• Mortgage Assistant will order the appraisal and legal work.
• Mortgage Processor will mail a Commitment Letter to the borrowers outlining the conditions of obtaining the loan.

• Borrowers return to NEFCU requested conditions from the Commitment Letter.
• Mortgage Processor receives the appraisal and contacts the borrowers with the results. A copy of it will be provided to the borrowers 3 days prior to closing.
• When all of the conditions of the loan have been met, Mortgage Processor will schedule the closing at a convenient time for the borrowers.
• Attorney performs a 40 year title search on the property and obtains title insurance.

• Borrowers to provide NEFCU with a homeowner's insurance binder naming NEFCU ISAOA ATIMA as the first mortgagee (and second if applicable) prior to closing.
• Borrowers to call the attorney approximately 24 hours prior to closing to confirm the final closing figures.
• Borrowers to obtain an in-state official check made payable to the closing attorney if they are required to bring funds to closing.
• Attend the closing at the attorney's office.