With Clint Christensen in Orlando, FL.
Not who you were expecting?
Christensen Financial Inc. has many local branches near you.

St. Louis Home Loans & Mortgage Lender

When you are thinking about buying a new home in the St. Louis area, it’s always a good idea to find an experienced mortgage company with a variety of loan programs available. Christensen Financial (CFI) is the mortgage lender St. Louis residents trust to get them the best deal on their home loan, mortgage refinance loan, or reverse mortgage.

Prequalification: Getting Started on the Loan Process

If you are a first-time homebuyer or it’s been a while since you’ve purchased your current home, knowing what to expect when you speak with a loan officer is helpful.

Typically, the first step in the mortgage process is getting prequalified. During prequalification, you’ll work with a loan officer to get a rough estimate of the size of the loan you can qualify to take out. Factors including your income, debt, and employment status all come into play when determining the potential loan amount you are eligible for.

Meet Dennis Sauerwein

Why Get Prequalified for a Mortgage?

Getting prequalified offers a host of benefits for people searching for their first home. Here are some of the most significant advantages:

  • View Homes in Your Estimated Budget Range – In St. Louis, you can find available homes everywhere, from relatively inexpensive fixer-uppers to large, extravagant homes. When you have an idea of the size of the home loan you are likely to get approved for, you can focus your time on researching and viewing homes that are in your price range. This helps you save everyone time, including home sellers and realtors or other real estate professionals.
  • Gain Negotiating Power – Prequalifying for a home loan helps you gain negotiating power with home sellers. In many cases, motivated homeowners or management companies are willing to work out a more favorable deal when they know the buyer has a part of the finances in motion to secure the sale.
  • Close the Deal Faster – With a prequalification, new homebuyers can enjoy faster closings. As you can imagine, this is a definite bonus for anyone who wants to get moving quickly. Getting prequalified also helps with the mortgage application itself since you’ll need many of the same documents for both.
Close-up shot of Insurance broker is introducing a health insurance program with his tablet.

Need Help Crunching The Numbers?

Use our calculators to help you estimate how much you can afford on a new loan or what you could save with a refinance.

The Mortgage Application Process

After completing prequalification, the next step in the home buying process is completing an official mortgage loan application. During this step, you will need to submit several documents, including:

  • Income tax returns
  • W2 forms
  • All investment and banking statements.

During the loan application process, these documents are sent over to a mortgage loan underwriter who reviews and verifies the data. In addition to verifying this information, the underwriter will also check your credit score and report. Also, this is the step in which the home will be appraised to verify that the property’s value is close enough to the selling price. If everything checks out, the loan gets approved so that you can move on to closing the deal.

During the closing, all loan paperwork and agreements will be signed, finalizing the deal. While the amount of time to close may vary, according to Ellie Mae, the average time to close is around 47 days across all loan types.

Download Our Mobile App

Are you the hands-on type? Get involved with your loan transaction in a whole new way with our powerful, simple to use mobile app.

* Available on iPhone, iPad and all Android devices from 5.5
CFI Mobile App

Loan Programs That Help With Home Purchasing

At CFI, we work hard to help our customers with home loans that work for them. When you speak with one of our loan officers, we’ll take the time to understand your situation so we can help you choose the right mortgage loan product.

Whether it is special financing for first-time homebuyers, Veterans Affairs loans, mortgage refinancing, or other programs, we can help you get into the home of your dreams or get more value from your existing home. In some cases, you can qualify for low or no down payments, lower closing costs, and other homebuyer assistance.

When you want to buy a new home, we help to streamline the process and make the entire transaction easier. Reach out today to find out how the St. Louis mortgage lenders at CFI can help you.

Client Reviews

Start A Conversation

Thank you. Your loan officer will be contacting you soon.

Let's Get You To The Right Place

Please select your loan officer

Are you currently working with a Christensen Financial Loan Officer?nr

Select

Let's Get You To The Right Place

Please select your loan officer

Are you currently working with a Christensen Financial Loan Officer?

Select

If you like the work I’ve done, please refer your friends and family to me:


Enter your friend's information:

Let's Get You To The Right Place

Please select your loan officer

Are you currently working with a Christensen Financial Loan Officer?

Select