TBD Mortgage Approval Program
The “TBD Mortgage Approval Program” can give you the confidence of a “Cash Buyer” while buying a house in St. Louis.
Many buyers think they need to find a house to buy before getting the mortgage paperwork done. However, in the mortgage world 95% of what we do has nothing to do with the house. All we need to do is get an appraisal and the title work and, as long as your house appraises and the title is clean, you will be able to get a loan.
The more time we have, the more beneficial it can potentially be for you. This gives us time to examine your credit, income, and assets.
The TBD Mortgage Process
The first step is to fill out the application and provide a number of disclosures. Then we can submit everything to underwriting. Once this is done, you have 6 months before you would have to have a home under contract.
We can start the entire process online. Once you have filled out the application we can figure out whether the paperwork needs to be e-signed or if they need to have a real signature, depending on the loan product.
When we go through and sign these to-be-determined documents, we’re going to pull all the tax transcripts, do the verifications of employment, and send you completely through underwriting. So when you actually get your home, we’ll just need to do some updating with bank statements.
It will just be dotting the i’s, crossing the t’s, and then you only really need to sign a few pieces of paper that get disclosed to you after you get your home under contract because everything else we’ll have already knocked out in advance.
So we literally can do almost your entire loan without you having a house under contract.
Sean Zalmanoff Mortgage
We will not only take the time to match you with the best mortgage loan product available that you can qualify for before you even have a house in mind, we go further. Our mortgage underwriters will examine your credit history, employment history, debt ratios, down payment amount, reserves and any other necessary documentation to get you approved for financing while your house is still “To Be Determined“.