It's A Great Day To Buy A Home.
With hundreds of types of home loans to choose from, The St. Louis Home Loan Specialist can help you tailor a borrowing strategy that works best for you, your family and your lifestyle. Whether you’re a first-time homebuyer, military family or rural homebuyer, Guild has mortgage services and several types of home loans to fit your needs.
Let's Find The Right Home Loan For You!
In additional to Conventional, VA and USDA mortgage loans, we also offer many other specialized loan options. The St. Louis Home Loan Specialist can assist with doctor loans, jumbo loans, reverse mortgage loans, home equity loans and downpayment assistance programs!
Learn Your Home's Value & Market Trends
What home can I afford?
What you feel you can afford, and what you can qualify to buy, are not always the same number. When it comes to what you can qualify to buy, we will compare your monthly debts, including the proposed mortgage payment, with your monthly income. In most cases, your monthly debts including the mortgage cannot exceed 50% of your gross monthly income. There are many factors that can impact this calculation so I recommend we set up a private consultation to review your situation together.
Do I need 20% down?
Most likely, the answer is NO! There are loan options available to allow for 3.5%, or even 0% down. A 20% down payment will reduce your monthly payments though, since they reduce the amount you are financing, but it’s definitely not required for all borrowers.
Should I start with a realtor or lender?
I recommend getting pre-approved with a mortgage lender first. This will allow you to figure out what you can qualify for, and help prepare you to make an offer when you find the right home for you! Quite often, the first question a realtor will ask you when you start shopping is, “Have you gotten pre-approved yet?”
PreQualification vs PreApproval vs Our Credit Approval Process
A PreQualification, or PreQual, is an estimation of what you can qualify for, based mostly on self-reported information.
A Preapproval involves a review of supporting documentation, which could include paystubs, W2’s, bank statements, and tax returns. This helps the lender verify the information used in the estimation of what you can qualify for.
Our Credit Approval takes your application and supporting documentation, and has them reviewed by our underwriters. Instead of just a preapproval from me, you will get a loan commitment letter. This will make your offers stand out in the crowd, and help you win your dream home. The Credit Approval Process doesn’t cost you a dime, AND we stand behind our approval with a money guarantee!
What credit scores do I need?
We offer options with scores as low as 540. We can even help if you don’t have a credit score! Keep in mind that many “credit score” providers don’t provide the particular FICO scores that are used when getting a mortgage. We offer a free soft-pull to check your credit when you apply!
Expert Advice At Your Fingertips.
Our mortgage tools and resources are a great way to get started. Check out today’s rates or calculate your payment below.
Calculations not your thing? That’s ok, it’s our thing! Just give us a call at 314.808.6275 and let’s chat.
Today's Mortgage Rates
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