with a Home Loan from HOMEBANK
“Interest rates are declining, and now is the perfect time to purchase your first home, your dream home or to lower monthly payments on your current home,” says HOMEBANK Vice President and Mortgage Loan Officer Marissa Nichols, NMLS #902827.
“Your very first step is not an open house,” she continues, “but rather, a visit with your banker. By going through the pre-qualification process, you will find out if you are financially ready to make a purchase and just how much home you can afford. In today’s market, many realtors require that a buyer go through this process.”
Finding out if you are pre-qualified for a home loan at HOMEBANK is not difficult, according to Loan Officer Max Washburn, NMLS #2583558.
“In addition to an application, we will need 30 days of paycheck stubs and your last two W2 forms,” he says. “If you are self-employed, we ask for two years of tax returns. If you are purchasing with a spouse or significant other, we will need their information, too. With this information, we can calculate your annual income. Then, we will request a credit report. All this information helps us determine how much down payment and monthly mortgage payment you can comfortably afford.”
HOMEBANK’s traditional 15- and 30-year fixed rate home loans with 10-20% down payment are by far the most popular, but, other options are available for customers with less money for a down payment.
HOMEBANK offers:
- Conventional Fixed Rate.
- Purchase or refinance with terms up to 30 years.
- No/Low Down Payment.
- Programs include FHA, VA, and USDA Rural Housing with terms up to 30 years.
- Home Improvement Loans.
Make an appointment with Nichols or Washburn by stopping by our branch at 3000 East Pitman Avenue in Lake Saint Louis, or calling (636) 385-7165. You can start the pre-qualification process immediately by completing a mortgage application online.
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