How do I get a mortgage loan?

Take the Hassle Out of Home Buying

Smart homebuyers know how much home they qualify for before they start looking. Come to Lone Star Credit Union to get pre-qualified; that way you will feel confident that you have been approved for your loan and know ahead of time what price range of homes to consider. Also, negotiating a purchase contract without the stipulation of loan approval can often give you an edge with the seller.

Before you begin looking for your dream home, let Lone Star Credit Union pre-qualify you and issue you a firm mortgage commitment (subject to satisfactory appraisal and contract sale on the home).

Be sure to tell your real estate agent that you have already been approved for a loan at Lone Star Credit Union and want to close with us. Not only will it take less time to close since much of the work has already been done, but our closing costs are much less than you can find elsewhere, not to mention our phenomenal rates. We do not add unnecessary “junk fees” to our costs as many other lenders do. To begin the application process, visit our TruHome Mortgage website.

Determining What You Can Afford

With the many alternatives in today’s housing market, it is best to identify the price range appropriate to your financial situation. For help determining how much you can afford, contact TruHome Mortgage Services at 913.981.1700.

Approval

Qualification for a mortgage loan is based on the ability to make monthly payments (assuming the minimum down payment requirement and closing costs are covered). Consideration is also given to your credit history, household income and the appraised market value of the home you are purchasing, or the refinancing of your existing mortgage.