How to get a Loan

Once you select USA Mortgage as your St. Louis mortgage company of choice, together we begin a three-step dynamic process that will help you take those next steps into your new home.

STEP 1:  PREQUALIFICATION

The prequalification stage involves a mathematical equation to determine how much of a home loan you are able to afford. One way to prequalify is through our website’s “Loan Advisor” section. You can also contact us directly online or by phone at 314-546-4844. With USA Mortgage as your St. Louis mortgage company of choice, the prequalification process takes less than five minutes!

STEP 2:  LOAN APPLICATION

When applying for a loan, you have the option to schedule an in-person appointment with one of our St. Louis loan officers. Or, we are able to take your application over the phone, which generally takes less than 15 minutes. If applying online is your preference, you can begin our very secure process via the full application or short application.

STEP 3: APPLICATION PROCESSING & PREAPPROVAL

Processing the application is another way of saying that we are verifying an applicant’s information. Your preapproval means you will know how much home you can afford. Your real estate agent can write your contract in confidence. One of our experienced St. Louis loan officers will contact you for the following:

  1. Your last two pay stubs (one year-to-date; P & L if self-employed)
  2. Your last two W-2 forms (personal and/or corporate returns will not be requested unless necessary)
  3. The last two statements you have received in the mail from any institution with which you have money on deposit (e.g. checking or savings account, investments, 401K, etc.)

During this process, your loan officer will order a credit report. We can then offer a preapproval and you are one step closer to a new home. Still have a few pressing questions? Contact us today at 314-546-4844 so we can walk you through the motions of the loan process.