Your Compeer Office
Blue Earth, MN

1700 Gian Drive, PO Bbox 220
Blue Earth, MN 65013
[email protected]

Compeer Client Services


Home Mortgage Application Process

If this is your first or fifth time buying a home, you want the process to be as headache-free as possible. At Compeer Financial, we’ve helped thousands of homebuyers navigate the application process by making it as easy and predictable as possible.

We’ve outlined every step in the home financing process:

Getting Started. First, gather the following documents:

  1. Pay stubs from your present employer (from the most recent 30 days) to show your year-to-date gross income.
  2. W-2 forms for all employment of the borrowers for the most recent two years.
  3. Federal tax return copies for the most recent two years.
  4. If self-employed, year-to-date profit and loss statement and balance sheet if a corporation or partnership.
    After you submit the completed application, credit and other factors are checked. You’ll be notified of initial loan approval.




Credit Approval
Once documentation is received, our home mortgage underwriters will analyze your loan for credit approval, validate your income, assets and liabilities, plus follow up to obtain any missing information. After credit approval, we will mail early disclosures.

Site Review
Upon receipt of the application fee, our appraisal team will schedule your site review.

Final Loan Approval
Title work and documents will be reviewed in preparation for final loan approval and closing. Your home mortgage specialist will communicate with you on the status of your home loan.

Schedule Closing
After all the paperwork is complete and the final loan approval is granted, we will schedule a closing at a time that’s convenient for you. The closing takes place at one of our offices and lasts about 45 minutes.

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