At Lendem Financial, we want you to understand the very important steps toward home ownership and have prepared a step-by-step guide. This guide does not replace our one-on-one customer service that we take great pride in, but it will give you an idea of how we navigate from day one to closing day.
Getting Pre-Approved is a must. Todd Rubick will gather some basic information to determine how much you can borrow, program options such as Fixed Rate, Adjustable, VA, USDA Mortgage Loans or FHA and an estimate of your monthly payment.
Using the services of a Real Estate Agent will be one of your best resources as you search for a home. They are knowledgeable in contract negotiations as well as finding that perfect home for you! Ask yourLoan Officer for agent referrals in the O'Fallon MO area.
At this point, Todd Rubick may have already requested documentssuch as your W2s and paystubs. You will now be asked to submit all documents so your file can move into the underwriting stage. Download our mobile app to use the scanner tool to upload your documents. Download Our Smart Phone App
Step 5: Submit to Underwriting
The full loan package is now being underwritten. An appraisal will now be ordered and closing dates and times will be confirmed. Your Loan Officerwill work with you and the underwriting team to clear all conditions. Once that has been completed, you are CLEAR TO CLOSE!
Step 6: Signing Day
This is the day you have been waiting for! Your Loan Officer and Real Estate agent will meet you at the title company for your closing. A closing agent will go over all the closing documents with you and notarize them as you sign. Once all parties have signed, you are officially a home owner! CONGRATULATIONS!
VA, USDA, FHA, Bank Statement Home Mortgage Loans O'Fallon
Questions about Lendem Financial mortgage loan options? Why you should think about using a mortgage broker vs a bank? Using a Mortgage Loan Officer that has access to all sources of lending institutiuons helps people get the best loan for their situation and offers all options on the market vs the programs at one bank. Call Todd Rubick of Lendem Financial and tell him why the bank said no... If your tax returns do not show your true income, or credit is less than perfect... Full service all source lending strategies will be offered for those that need them.