MORTGAGE LOAN SERVICES
Peoples Bank offers you a complete mortgage loan service through our Home Loan Center. We offer FHA, VA, and conventional financing. Peoples Bank provides interim financing for construction, and our Home Loan Center provides permanent financing for your new home or refinancing for your present home. Our friendly and professional staff has years of Mortgage Loan experience to serve you.
LOCAL LOAN OFFICERS
Lacie Walton
Executive Vice President, Mortgage Department Manager
NMLS# 469782
Direct: 806-776-2088
Cell: 806-441-8036
[email protected]
Lacie Walton is a highly experienced and respected mortgage professional, having spent over 28 years in the industry. Currently serving as Executive Vice President and Mortgage Department Manager at Peoples Bank Home Loan Center, she is also active in the West Texas Homebuilders Association and Lubbock Board of Realtors.
Lacie is deeply committed to helping her borrowers achieve their homeownership, debt consolidation, or home improvement goals. Known for her excellent customer service and ability to secure the best deals for her clients, she has built a strong following among realtors and builders.
Outside of work, Lacie enjoys reading, traveling, and spending time with her family, including her husband Mike, daughter Carley, and two Goldendoodles, Willow and River. A native of Lubbock, she is a proud graduate of Frenship High School and Texas Tech University, and an avid Red Raider fan. In her leisure time, she loves to visit vacation spots like Colorado and Florida, and is an animal lover with a particular fondness for icing (which she is known to enjoy by the container).
Sonya Garcia
Vice President, Mortgage Operations Manager
NMLS# 1622095
Direct: 806-776-2083
Cell: 806-445-1295
[email protected]
Sonya Garcia is a highly motivated and well-respected mortgage professional with
over 13 years of mortgage experience. Currently serving as Vice President and
Mortgage Operations Manager, she understands every step of the mortgage
process.
Born and raised in Lubbock, Sonya is very committed to serving and volunteering
within the community. She is active in the West Texas Homebuilders Association,
Junior League of Lubbock, Girl Scouts and the Lubbock Chamber of Commerce. She
received a Bachelor of Arts degree from St. Edward’s University.
As a dedicated professional, Sonya is passionate about helping her clients achieve
their homeownership goals through a smooth and stress-free mortgage process.
She takes time to listen to her clients and understand each client’s unique financial
situation.
Sonya is married to Tony and in their free time they enjoy traveling, spending time
with their family and spoiling their two yorkies, Milo and McKenzie.
EXPECTATIONS
Peoples Bank Home Loan Center would be honored to help you turn your dream into reality when purchasing your new home. We understand that buying a home may be your largest financial decision you’ve made, so it is important to know what steps to take and what you should expect.
What to expect from your realtor?
Allow you to preview available homes that suite your needs, which you’ve defined.
Negotiate the best deal for you. If you have a Pre-Qualification letter from Peoples Bank, your Realtor will be able to present you as a qualified borrower.
What to expect from Peoples Bank Home Loan Center?
Assist you in selecting the best loan to meet your personal goals, which can save you thousands of dollars in the years ahead. Communicate with you and keep you informed of your loan status throughout the entire process. Provide the best rates and fees possible.
MORTGAGE PROCESS TIMELINE
from pre-qualification to closing
Pre-qualification
1- 2 days
Visit with lender on process of loan. Provide basic info to review credit and discuss income/assets for loan program and amount you can qualify for. A credit report will be pulled and reviewed and potentially a pre-qualification (PQ) letter is prepared upon request. You should also begin gathering all supporting items that will be requested by the lender later in the process. (These items include but not limited to: last 2 years tax returns, W-2s, 30 day paystubs, last 2 months bank statements, photo id and proof of social security number) This PQ will be good for 90 days.
Shop for house and make offer
1-3 months depending on season and your timeline
You and your Realtor will meet regularly until you find your dream home and make an offer.
Upon acceptance of that offer you will have a home inspection completed during your option period of the contract.
Initial application and disclosures from lender
*timeline and clock begins (to meet closing date) 30 day example*
1- 3 days
You will either meet in person with your lender or sign electronically the required disclosures upon receipt of an executed contract. At this time you should have all your requested documentation and provide it to your lender after signing these initial disclosures; If not, this could cause delays.
Processing of your loan
10-15 days
The lender will order title, insurance, verifications, appraisal and survey from various service providers in the loan process. Additional items are sometimes requested upon review of documents as they are received. Upon receipt of all items the file is submitted to an underwriter.
Underwriting of the loan
1-5 days
The underwriter reviews all loan documents to insure the borrower(s) qualifies based on credit, income, funds to close and product guidelines. If questions arise, more items could be requested and the file is returned to processing (which then will re-start underwriting time frame upon re-submission) When file is approved, the file is submitted to the closing department
Pre-closing
3-5 days
The closing department receives the file from underwriting and begins data input and review of legal documents and begins working with the title company. Legal documents are requested from doc prep attorney and collaboration with the title company closer for preparation of Closing Disclosure (CD); this CD must be in the borrower’s hands and acknowledged 3 business days prior to closing. Upon approval from attorney and title company, and CD acknowledged by borrower, closer can release closing package to the title company
Closing/Funding
1(purchase)-4 (refinance) days
This is the day you sign your final documents and all legal transfer documents for the house to become yours. The lender will fund the loan upon receipt of signed documents. If a refinance, a 3 day wait period is required before funding.
CONTACT THE LOAN CENTER
Peoples Bank Home Loan Center would like to welcome you to visit our location at 5820 82nd Street in Lubbock. Our lobby is open from 9:00AM-4:00PM Monday thru Friday.
If you are not available to meet during those times, please contact the office at 806-687-7245 to schedule an appointment with one of our mortgage experts.
For other questions, click here to get in touch.
NMLS#: 514404
