If you’re thinking about applying for a mortgage and especially if you’re short on time you’re probably asking yourself, “How long to complete a mortgage application?” The short answer is – about 30 to 45 minutes. And when you work with Homestead Financial Mortgage, we’re available nights and weekends, so you don’t have to waste your lunchtime applying.
Can You Apply for a Mortgage Online?
Yes, you can apply online. But the easiest way for you is to call us at 636-271-4663 or fill out this short form, and we’ll get back to you quickly. Having someone help you get through the application makes it much faster.
If you’d prefer to fill out an application online – we can send you a link. We’ll also give you a shortlist of documents we’ll need. Once you gather them, you can upload them using our app or bring them into our office.
How Long Is a Home Loan Application Good for?
Once you’re pre-approved, typically, your approval is good for 90-days. If it takes you longer than that to find a home, don’t worry. We’ll get some updated information and give you a new pre-approval.
Questions to Ask When Applying for a Mortgage
Here are two essential questions to ask your loan officer when applying:
- Is there anything I shouldn’t do when I’m in the process of applying for a mortgage? The answer is YES. Watch this short video Do’s and Don’ts During Your Mortgage Application.
- How much money will I need for the down payment and closing costs? You might have a few different loan program choices, so your down payment amount can vary. Your Homestead loan officer will go through your options so you know what to expect.
How Long Does a Home Loan Application Take to Process?
This depends a lot on you. If you give us the documentation, we ask for it quickly. We can usually process your preliminary application in as little as 24-hours. We’ll pull your credit and confirm your income and assets. Then, once you’ve found a home, the process goes much smoother and faster because we’ve done the groundwork.
The team at Homestead makes the process of applying for a loan fast and easy. Our low-interest home loans are some of the best in the states we serve. We’re licensed in Arkansas, Colorado, Florida, Illinois, Indiana, Kansas, Kentucky, Missouri, Montana, Ohio, Oklahoma, Tennessee, Texas, and Wisconsin.