Select City Explore Mortgage Tips Mortgage Application/Login Five Points Bank of Hastings Mortgage Application/Login Loans The Basics and Loan Process Step by Step Checklist Private Mortgage Insurance Down Payments Closing Escrow Related Services Contact Mortgage Staff GO Home Buying 101 If only they offered a class in home buying! A home purchase may be your largest financial transaction to date, so it's important to make the right decisions and to keep an eye on the details. With the assistance of your real estate agent and loan officer, it should be an efficient, pleasant and ultimately rewarding experience. ROLES Roles & Responsibilities Three main players contribute to the home buying process – each has an important role to get you into the home of your dreams. Hint: you have a crucial part! Count On Your Real Estate Agent To: Count On Your Loan Officer To: Count On Yourself To: When you choose Five Points Bank for your home loan, you'll get responsive service from a local expert who will be with you every step of the way. You'll get regular updates, and your loan officer is always just a call, visit or email away. Things to Avoid During the Home Loan Process Some new homebuyers make the mistake of rushing out to buy things to fill their home soon after the seller says "yes" and the loan is approved. A few major hurdles still remain to jump through before the keys are handed over. We have given you a list of actions below we suggest you stay away from when waiting for closing. Don't make expensive purchases. Don't go on a career search. Don't move money around or change banks. Mortgage Escrow Account A mortgage escrow account is established to pay ongoing expenses while there is a loan on the house. These expenses include property taxes, home insurance, mortgage insurance and other escrow items. Generally, the escrow account is partially funded at closing, and the home buyer makes ongoing contributions through their monthly mortgage payment. Contact your Five Points Bank mortgage loan specialist to learn more. CONTACT US See all locations Connect With Us Five Points Bank (800) 576-4687 Five Points Bank of Hastings (402) 462-2228 Personal Business Agriculture Home Mortgage Wealth Management About Us Careers Events Find A Location Contact Us Privacy & Other Policies © 2021 Five Points Bank. All Rights Reserved. Five Points Bank and Five Points Bank of Hastings are divisions of Hometown Banc Corp.