Construction and "Bridge" Loans

Nodaway Valley Bank makes "interim" loans for construction of a new home, and provides "bridge" financing on the purchase of a new home until an existing home can be sold.

Pre-approval

If you are thinking about buying a home, before you begin looking, consider seeking a pre-approval. We’ll help you improve your negotiating power by determining how much money you can reasonably afford to borrow and pay back over a period of 10-30 years.

For mortgage information, call: 816-901-HOME (4663)

Click here to print a Uniform Residential Loan Application.

Application Checklist

You can speed the application process by bringing the following information with you when applying for a mortgage loan:

• Copies of most recent pay stubs and tax Withoholding forms for all applicants
• Copies of most recent bank statements for all open accounts
• Copies of most recent investment/retirement fund statements for all accounts
• If purchase transaction, a copy of the contract
• If rental income is being used to qualify, a copy of most recent income tax return
• If refinancing, the name address, telephone number, loan account number of the current mortgage holder in order to obtain a payoff statement
• Present insurance carrier’s name, agent name, agent’s telephone number, annual premium amount and anniversary date.
• Drivers’ license

If you are are self-employed, we will also need the following

• Copy of most recent year federal income tax returns and accompanying schedules
• If incorporated, copy of most recent year "S-Corp" federal income tax return
• If a partnership is involved, a partnership income tax return may be required
• Year-to-date Profit and Loss statement if first quarter of the year has passed.