Mortgage Loans





Every step of the way… 


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Forward Bank has been helping homeowners and consumers purchase the houses and cars of their dreams since 1919. This tradition of treating customers like family and helping build stronger neighborhoods is supported by a broad line of mortgage, home equity and consumer loans. Let us move the process of building, buying or refinancing your home forward. There are many options to choose from when financing your home. After completing the online mortgage application, our experienced lending team will help you select the best product to meet your needs.

Loan Process at a Glance

loan process at a glance

We offer

  • Fixed Rate Mortgages
  • Construction Loans
  • Home Equity Loans
  • Home Equity Line of Credit Loans

What’s Needed for this Process

Please provide the following items at the time you apply or seek pre-qualification.

  • Completed Application & Authorization Form
  • Completed Offer to Purchase (If purchasing)
  • Most recent 3 pay stubs
  • Most recent 2 years W-2 Forms
  • Abstract or title insurance policy (If refinancing)
  • Most recent real estate tax bill (If refinancing)
  • New employment contract or letter of intent for employment (If applicable)
  • Most recent 3 months deposit / account statements for down payment funds
  • If the deposit statement(s) are printed from an online source, each statement must be signed and dated.
  • If down payment funds are from the sale of an existing home, please provide a complete copy of the offer to purchase for the property.
  • Self-employed borrowers: (Include these items as alternatives to the pay stubs and requested W-2 Forms listed above.)
  • Most recent 2 years tax returns
  • Profit and Loss Statement


Once you know approximately how much home is in your price range, use the guide below or our convenient Mortgage Loan Calculator to estimate your monthly payments based on the principal and interest. Closing costs are normally paid in a lump sum at the time you take out the loan. Other annual costs such as taxes, insurance and mortgage life insurance are also not included on the chart, but may be added to your monthly payments.


Monthly Mortgage Payment Guide
Mortgage Amount 4% APR 5% APR 6% APR 7% APR 8% APR
$60,000 $286 $322 $360 $399 $440
$80,000 $382 $429 $480 $532 $587
$100,000 $477 $537 $600 $665 $734
$120,000 $573 $644 $719 $798 $881
$140,000 $668 $751 $839 $931 $1,028
$160,000 $764 $859 $959 $1,064 $1,174
$180,000 $859 $966 $1,079 $1,198 $1,321
$200,000 $955 $1,074 $1,199 $1,331 $1,468

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Forward Bank NMLS 422932