St Louis Real Estate Search

Mortgage Loan Applications

Many buyers believe in this world of instant gratification, that they can go online, get pre-approved, and then run out and buy a house.   

The reality is that the process is a lot like buying a car. In order to decide if this person is capable of buying a car, the salesperson gets some basic information;  sometimes before they even allow a test drive!   They walk around the corner and run a preliminary credit report.  That's like a pre-approval.   Once the person picks a car and is ready to take it home, the hour long meeting iwth the auto dealership finance manager is where an actual loan application is prepared along with the vehicles purchase order.   

Home buying has its obvious differences.  There are inspections, there are appraisals, there's REALTORS!   

The pre-approval varies depending upon the lending institution.  It could be just a quick credit scan, or it could involve a more careful look at the applicant, including collecting W-2's and bank account information.  Ultimately though, its still just a pre-approval.   Think of the loan officer or lender as a loan salesperson.

Once the home buyer chooses the right home, makes an offer, negotiates with the seller and comes to an agreement, and resolves the inspection contingency*then they are ready to move to the next step in lending...THE LOAN APPLICATION.

Mortgage loan applicationThe Mortgage Application

Like car loans, the mortgage application is on a specific property.   The application collects all the information needed to fully evaluate the applicant and the home.

The typical application will include the following:

 1. Application itself  

 2. Tax Returns for past 3 years

 3.  W-2 Forms

 4.  Bank Account Information

 5.  Investment portfolio information

 6. Explanation letters (for blemishes or abnormal deposits)

 7. Home Appraisal 

 8. Condominium or homeowner association Questionaire (if applicable) 

Once the application is complete with all its associated forms and attachments, it is sent to the underwriting department of the bank to re evaluate the buyer by employees called UNDERWRITERS that don't directly benefit by commissions like the loan officer does.  Their interest is protecting the banks money from an applicant that would be likely to default.

Homes in Sunset Hlils

$425,000
4 Beds ⋅ 3 Baths ⋅ 22073245 MLS ⋅ ACTIVE UNDER CONTRACT Status
Original owner! Established in 1963, this home has wonderful living spaces! Open the front door to a home with a traditional lay-out. The living room is oversized with a jack and jill gas fireplace. The eat-in kitchen flows into a cozy back den with a bar. Open the den door to an outside patio. The garage is huge with two parking spaces and plenty of work spaces. Four bedroom upstairs WITH a Master Bedroom Suite. Please use a special sales contract. Seller to do no inspection requests. Home is being sold in ‘as is’ condition. The City of Sunset Hills has the passed occupancy permit. Walk to Powder Valley Nature Center! This home is located in a gorgeous, quiet neighborhood AND is also in the award winning Lindbergh School District!

415 Wicksworth Lane, Sunset Hills
$750,000
3 Beds ⋅ 4 Baths ⋅ 22070421 MLS ⋅ ACTIVE Status
Welcome to the Gated Community of Sunset Grove directly across Geyer Road from beautiful Sunset Hills Country Club. Located in the prestigious and private enclave that is Sunset Grove, this large 1.5 story villa has 3 bedrooms and 2 full & 2 half baths. On the main level is formal dining room, massive great room with gas FP, and very impressive den/study with gorgeous built-in bookcases and wet bar. In addition, the main floor master bedroom suite has new carpeting, walk-in closet with organizers, full bath, double sinks, and separate jet tub and shower. The kitchen/breakfast room is a gourmet's delight-granite countertops,sub-zero frig tons of cabinets & counter space. Upstairs are two large additional bedrooms & a full bath. The total square footage of this magnificent villa is over 3500sq ft and has a two car attached garage, zoned HVAC,central vac,newer roof, & secluded back patio and yard. The lower level has an egress window& rough in plumbing.

11828 Sunset Grove Court, Sunset Hills
$365,000
3 Beds ⋅ 2 Baths ⋅ 22064369 MLS ⋅ ACTIVE Status
Welcome to this charming, one-of-a-kind home in the heart of Sunset Hills! The storybook curb appeal begins with the spacious front porch and continues throughout the updated 3 bedroom, 2 bath home on almost a half acre. The focal point of the living/dining area is a beautiful stone fireplace with built-in flat screen TV over the mantle. Hardwood plank flooring is throughout this area. The eat-in kitchen, updated in ‘16, has been extended by 100 sq ft & includes: custom cabinetry, center island with breakfast bar, large planning desk, built-in wine rack, stainless steel appliances & sink, ceramic flooring, pantry, & a cozy window seat. From here there is an exit to the deck overlooking the private rear yard. Master bedroom & bath are on the main level. Upper level has 2 additional bedrooms & a full bath. Updates include:electrical, plumbing, HardiePlank siding, gutters/soffits/fascia, roof, kitchen, baths, flooring throughout, & concrete driveway(10/22). Sewer connection available!

12820 Weber Hill Road, Sunset Hills
$649,900
7 Beds ⋅ 5 Baths ⋅ 22057791 MLS ⋅ ACTIVE Status
The classic Sunset Hills & Mid-Century Modern! The 1 acre lot itself is a beauty as you pull into the circular drive. The open flr plan boasts a 2 level family room and a 2 level atrium in the entry. You'll step into Hickory flooring, floor to ceiling windows, and loads of natural light. The dining room has a brick wall and floor to ceiling windows too. The gourmet kitchen is ready for you, and newly updated, including a breakfast bar, eat in area, granite counters, high end appliances, a desk area, and coffee bar. The dual fireplace enhances the kitchen and the adjoining family room. Complete with a master suite on each level. A master + 2 beds on the main level and 3 beds on the 2nd fl, plus the current man-cave on the 2nd fl could be another bedroom with its own private deck. New showers throughout, a pool lover's paradise, a finished basement, a workshop, MF laundry, newer windows & sewer lateral, a loft, and so much more. Gives that lodge feel! Convenient to everything!

22 Black Oak Drive, Sunset Hills
$1,199,900
4 Beds ⋅ 4 Baths ⋅ 22010936 MLS ⋅ ACTIVE Status
Welcome to Maret Pointe, located in the prestigious Lindbergh School District! These home sites are some of the most beautiful & private lots in the St. Louis County area. Cul-d-sac lot and backs to mature trees and the Laumeier Sculpture Park. This a custom home offers a large open layout and a main floor master suite featuring a large walk in closet, dual vanities, separate tub & custom walk-in shower. Additional features can include 9' sculptured ceilings, hardwood floors, crown molding, main floor laundry and so much more! Too many features to name, don't miss the last opportunity to build in this development! This is a To Be Built Home. VANDERBILT HOMES ALSO OFFER ADDITIONAL FLOOR PLANS OR THE OPTION TO MODIFY AND CUSTOM DESIGN YOUR OWN HOME!

12541 Maret Pointe Unit #TBB, Sunset Hills