Let Us Help You Finance the Home of Your Dreams

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 refi loan or reverse mortgage.
2 City Place Drive, Suite 200, St. Louis, MO, 63141
Get Started

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.

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.

An Experienced Mortgage Company Works With You Throughout The Homebuying Process

After completing prequalification, the next step in the homebuying process is completing an official mortgage loan application. During this step, you will need to submit several documents, such as your income tax returns, W2 forms and all investment and banking statements.

 

During the loan application process, these documents get 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. 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 get 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.

 

Find Loan Programs That Help With Home Purchasing

 

At CFI, we work hard to help our customers with home loans that work for them. When speaking with a loan officer, be sure to ask about special financing for first-time homebuyers, Veterans Affairs loans and other programs that can help you get into the home of your dreams. In some cases, you can qualify for low or no down payments, lower closing costs and other homebuyer assistance.

 

Talk to Us About Your Home Loan Needs

 

Undoubtedly, a home purchase represents a significant investment in your future, so finding the right home loan helps you to acquire the property of your dreams.

 

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.

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.

Our Process

Mortgage

Lorem ipsum dolor sit amet, consec tetur adipisc ing elit, sed do eiusmod tempor incididunt

Reverse Mortgage

Lorem ipsum dolor sit amet, consec tetur adipisc ing elit, sed do eiusmod tempor incididunt

First Time Home Buyers

Lorem ipsum dolor sit amet, consec tetur adipisc ing elit, sed do eiusmod tempor incididunt

Mortgage Refinance

Lorem ipsum dolor sit amet, consec tetur adipisc ing elit, sed do eiusmod tempor incididunt

Home Improvement Loans

Lorem ipsum dolor sit amet, consec tetur adipisc ing elit, sed do eiusmod tempor incididunt

Government Loans

Lorem ipsum dolor sit amet, consec tetur adipisc ing elit, sed do eiusmod tempor incididunt

Get In Touch

Lorem ipsum dolor sit amet, consectetur adipiscing elit. In dignissim, lacus vitae tempus elementum, tellus mauris dignissim lectus, eu placerat sem mauris non magna. Mauris purus.

Client Reviews