Finding the most qualified mortgage lender starts here

Finding the Most Qualified Mortgage Lender Starts Here

Most Qualified Mortgage Lender | SouthStar Bank

SouthStar Bank designs a home loan experience specifically for you. We realize you’re one of a kind. Your mortgage should be too. If you want the opportunity to see what’s possible for your mortgage lending future, start here. 

We pride ourselves on having the ability to provide traditional local bank service with big bank opportunities. Our traditional mortgage lending offers extensive options to serve you better such as:

• Star Advantage Program: Home loans for unique situations (also known as Portfolio Loans)
• Traditional Fixed and Variable Rate Mortgages: Conventional (Fannie Mae & Freddie Mac), FHA, Jumbo, Rural Living, USDA, VA
• Low Down Rural Acreage
• Refinance
• Interim Construction to Permanent Financing

Trust a mortgage banker in your community that can guide you through the process

Close to home, a mortgage banker can be a reliable ally. They will take the time to get to know you and personalize lending solutions to your specific needs. It doesn’t have to be tough to get a mortgage loan. Your Mortgage Loan Officer will work with you to gather the necessary documentation for a loan decision.

Although different loan types are available, the application and review process is much the same.

To give you a better idea of what to expect, here’s a synopsis of the mortgage loan process:

1. Application

Your MLO will work with you to finish your application and gather any papers required for underwriter assessment. Regulatory disclosures are made when needed.

2. Pre- Approval

To make an initial credit decision, the Underwriter will analyze your application and paperwork. If the loan is initially authorized, your loan officer will advise you on the conditions that must be met in order for the loan to be issued, and collect any additional paperwork as required.

Many real estate agents will require you to complete this step prior to viewing properties, especially in competitive Central Texas markets such as Austin. Pre-approval will give you an accurate understanding of budget and allow you to make a quick, competitive offer when you find the property.

3. Appraisal

Once a property is selected, the Appraisal Reviewer and SouthStar Bank will organize the receipt of the property appraisal. The appraisal and estimated value of the property will be reviewed by the Appraisal Reviewer. You will receive a copy of the appraisal once it has been accepted.

4. Approved for Closing

The Processor will re-submit the file to underwriting for final evaluation once all of the conditions have been completed. The Loan Closer will compile and submit the loan closing document package after final approval is received.

5. Ready for Closing

Your loan officer will walk you through the final numbers and disclosures and answer any questions you may have. The Closing Agent will confirm the amounts required to close with you and set a date for the closing, at which time you will sign the final loan documents.

Get started today!

Buying a home is no easy task. There are piles of paperwork to fill out, finances to get in order, mortgage lenders to call, realtors to Seize the moment and borrow from a mortgage lender you can trust. Whether you need a traditional home loan, or something more unique, the experts at SouthStar bank are here to help. Contact us today, or get started on your pre-approval application online!