How the Loan Process Works

	Searching for a loan? We will be glad to help! Call us at 312-806-9309. Ready to get started? Apply Now.

No doubt, a lot to do when you get a mortgage. You wouldn't be here on our site if it were possible to complete a simple loan app and get an excellent loan check cut in one day. We do most of the heavy lifting for you, so you can concentrate on what's important — preparing to move into your new home or saving money.

Getting a mortgage loan involves four major milestones.

Step one: determine how much you can borrow

This is a function of a couple things. What kind of monthly payment are you looking for? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? You can get a good idea of your preferred payment abount using the calculators on our website. And we can guide you to the right loan amount and best program for you when you answer a few quewstions. Based on standard lender guidelines, we'll get you a good idea of what kind of terms and loan program you can expect to benefit most from.

Step two: complete a pre-qualification

This is where the process really begins and The Dave Radke Team at Standard Bank and Trust can really save you money. You will give us details about your current job, your assets, and residence history. You'll supply information on your employment, asset, and residence history. We will pull get your credit report and score (only after you give your permission. When we review this info we provide a pre-qualification letter. Your agent will use the pre-qual (as they may call it) in order to make the best offer on the home you choose. While you're looking for your new home with your agent, we find the best program for you.

Step three: apply now! We make it easy

Once you've made the offer and the sellers have accepted, it's time to complete the loan application. It couldn't be easier, and you can apply online, right here on our website. At the end of this step, we will order an appraisal of your new home.

Step four: your loan is funded

Your REALTOR® and the seller's will work together to decide on an escrow/title company to take care of the funding of your loan. We'll work with this company to make sure all the papers your lender requires are avaiailable, and you will probably}likely sign all these papers at this company's officeWe coordinate with the title company on your date to close. Since you won't need to coordinate this process, you get to think about moving, if you're going to repaint, new carpet, and the fun parts of getting a new house.

You've answered a few questions, provided lots of information, applied online, and Before you know it, you'll be moving! The Dave Radke Team at Standard Bank and Trust is in the business of loans; you're not — so we do the work. Doesn't that sound nice?

Have questions about the loan process? Call The Dave Radke Team at Standard Bank and Trust at 312-806-9309. It's our job to answer lending questions, so we're happy to help!