We get a lot of questions about how long it takes to close your loan. Now, we are a different from big banks. They can take three to four months to get your loan closed from the time you bring in your paperwork and get pre-approved. We usually can get you done, if you are organized and responsive, in around 30 days. Now, not every loan closes in 30. When we don’t get paperwork, or people don’t respond to us, we simply can’t go as quickly. When the borrower is engaged, and really wants to get this process done, we get you closed as quickly as possible, with no mistakes. We can get your mortgage closed in 30 days.
Like I said, you need to bring all of your paperwork. We require:
- Paycheck Stubs
- Bank Documents
- Investment Documents
- Tax Documents
- Profit Statements (Only if self-employed)
- Proof of income from rental properties
- Proof that a gift is not a loan
- 12 months of canceled rent checks and bank statements
- Divorce decree
- Proof of age of children in child support is involved
- Bankruptcy discharge paperwork
Now, this isn’t the complete list, but if you have this, you know that you are doing your part. If you have any odd financial circumstances, we need to know. If you just bought a boat, tell us. If you own a second house, tell us. If you have a separate family, tell us. We WILL find out, and it will slow down your loan if you are not up-front with us.
If you’re ready to take rising home rates and low interest rates and use them to your advantage, call us in St. Louis at (314) 781-9700, Chicago at (773) 770-4727, Indianapolis at (317) 550-1515 or Nashville at (615) 810-8555. You can always apply online at www.thehomeloanexpert.com, and we’re also open on Saturdays to better serve you. We work hard to make it easy on you. Nobody gets lower rates on better loans than The Home Loan Expert, Ryan Kelley, why go anywhere else?