Eagle Bank’s experienced home loan team works hard to ensure you get the right home loan product, rate, and term to meet your financial goals. We offer a wide variety of home loan options and strive to make the process easy and seamless for you.
Eagle Bank's Loan Process
Our experienced mortgage professionals make the loan process easy from pre-qualification to closing.
|Step 1: Pre-Qualification|
|Pre qualification helps both you and our mortgage bankers know what you can afford in a monthly mortgage payment. To prequalify we look at your income and asset information to decide what loan amount you could qualify for, and a pre qualification letter is then generated for you to use in your new home hunt.|
|Step 2: Application Process|
|An Eagle Bank Mortgage application can be taken over the phone, in-person or by fax. ou will need to know the following information about yourself and any co-borrower: Subject property address, sales price, loan amount, current market value of home, the year purchased, amount of house payment, and current address Full name(s), social security number(s), home phone number, date(s) of birth, marital status, dependents and their ages. Previous addresses for borrower(s) who have been at their current address for less than two years Names and addresses of all employers within the past two years for borrower(s) Borrower’s gross monthly income (including bonuses and/or commissions). If you decide to move forward with the loan process, you will need to provide the following information to verify the data provided in your application.|
|Step 3: Loan Processing|
|A Eagle Bank loan processor will verify the information provided in the application process, as well as running credit, ordering appraisal and title work, and finally verifying your employment and its history.|
|Step 4: Appriasal|
|An appraisal helps us to understand the subject property's market value and to make sure that the property is worth the amount of the loan.|
|Step 5: Underwriting|
There are 4 criteria that our underwriters are looking for in your application:
|Step 6: Closing|
Eagle Bank Mortgage Bankers will walk you through the final paperwork, and make sure you understand your payment, loan amount, rate and terms, as well as go over any closing costs . A representative from the Title company will also be present to go over details of the transaction.
|Step 7: Post Close|
|Here at Eagle Bank and Trust we appreciate your business, we want to amaze you. After you finish closing your loan with us, we will send you a first payment letter, and notification of your account transfer. In addition, we are constantly watching the market and will keep you posted about changes and trends in the market that might benefit you as homeowner.|
Home Loans from Eagle Bank Mortgage
Eagle Bank Mortgage offers a wide variety of loan options to fit your individual needs including: Conventional Fixed Rate Mortgages, Adjustable Rate Mortgages (ARMs), First Time Home Buyer Programs, FHA, VA, USDA, and Jumbo Loans.
Eagle Bank understands that things happen. Sometimes people make mistakes or fall on hard times and their credit scores go down.
This is why Eagle Bank now offers our Credit Booster Loan Program. This loan program will help individuals build and repair their credit score so they can qualify for loans to help them meet their financial needs.
For more information, contact Marion Clark at 314-845-5108. NMLS# 699283
Home Ownership Outreach Initiative
In an effort to promote and maintain affordable housing in the St. Louis market, Eagle Bank is pleased to introduce the Homeownership Outreach Initiative. This loan program is designed to promote liquidity in the underserved markets in the St. Louis area. Borrowers will attend education and counseling and loans will be underwritten to secondary market guidelines.
For more information, contact Dean Pilcher at 314-616-2888. NMLS# 697491
Conventional Fixed Rate Mortgage
With a fixed rate mortgage, your interest rate and monthly payment will stay the same for the entire term of the loan. Fixed rate mortgages offer homeowners protection from sudden rate increases, and 15 to 30 year terms are available for these loans.
Adjustable Rate Mortgage (ARM)
ARMs offer low initial rates with planned rate and payment adjustments at 1, 2, 3, 5, 7 or 10 year intervals. Market conditions directly impact these rate changes, though built in rate caps and margins will help to limit increases over the life of the loan.
First Time Home Buyer
Missouri Housing Development Commission (MHDC), First Time Home Buyer, and Down Payment Assistance programs exist to help with down payment or closing costs. Be sure to ask your mortgage banker to learn more about these programs, and to see if you qualify!
Federal Housing Administration (FHA) Mortgage Loan
FHA Mortgage Loans are insured by the Department of Housing and Urban Development. FHA offers mortgage loans with fixed or adjustable rate options.
Veterans Administration (VA) Mortgage Loan
VA Mortgage Loans are guaranteed by the Veterans Administration for a fixed rate with a 15 to 30 year term. VA Mortgage Loans allow 100% financing for qualified veterans.
US Department of Agriculture (USDA) Mortgage Loan
USDA Mortgage Loans are guaranteed by the USDA for a fixed rate with a 30 year term . These loans allow for 100% financing, for properties located in eligible areas.
Jumbo Loans are available for both fixed and adjustable rate options, and are defined as loans greater than $417,000.
Join us for a FREE informative presentation by real-estate & home loan experts on:
Dean Pilcher, Vice President
A graduate of the University of Missouri with a BSBA in Finance, Banking, and Real Estate, Dean has over 20 years in residential mortgage lending experience.He loves the industry and is passionate about helping people. Dean currently serves on the boards of the Mortgage Bankers Association of Missouri and St. Patrick Center. He is a member of the Missouri Athletic Club and Winghaven Country Club. Dean also has served as the president of the Mortgage Bankers Association of St. Louis.
For years, Barbara has assisted clients with the management of their mortgages, while keeping in mind their overall financial plan. Whether you are a first time buyer, or in your retirement, she will make sure you get the right financing to meet your goals. Working at Eagle Bank, a strongly rated community bank, gives her access to portfolio loans not available through typical mortgage bankers or brokers. In addition Barbara has worked as a real estate agent for many years, so she understands the importance of meeting contract deadlines. She treats everyone like family and makes the transaction smooth, easy and fun.
A graduate of Maryville University with a BSBA in Business Management and a Minor in Marketing, Jeff has been with Eagle Bank for 4 years, and has 10 years experience in the mortgage industry, as well as over 30 years of experience in providing excellent customer service. By taking the time to explain the mortgage process to his customers and working with their schedules, Jeff’s customers not only feel they were treated well, they know it. Jeff's customers are confident that when they refer their friends and family to him that he'll provide them with the same excellent service.
Bill has been a loan officer since 1999, and his education, experience, and community involvement is extensive. Bill is a graduate of the University of Missouri and holds a BS, Health Related Professions, Master's in Business and Public Administration as well as a Graduate, Missouri School of Banking. Bill is an member of many organizations including: Rotary International; Jefferson College Foundation; Jefferson County Parks and Recreation Commission; Past Board of Director for Eagle Bank, and finally Bill is U.S. Navy Veteran. He is comfortable with all types of mortgage products including: First Time Home Buyer Programs, V.A., FHA, USDA, MHDC and new construction loans.
Schwent is a Cum Laude graduate of Rice University with a double BA in Finance, Political Science and Religious Studies. Before becoming a mortgage lender, Schwent most recently worked as Assistant to Candidate, Brunner for Senate. Schwent is a member of the Arnold Chamber of Commerce and a member and volunteer with Ducks Unlimited, which specializes in wetland and waterfowl preservation.
Working in the St. Louis mortgage industry for over 30 years has allowed me to gain the experience needed to earn my customers respect, business, and referrals. I strive to provide exceptional service, and believe that listening to the client, and understanding their needs, result in their goals being accomplished. In an ever changing financial market that we find ourselves in both locally and far reaching, Eagle Bank is a community bank with over 100 years of stability and quality service. I am proud to be working with a group of talented and trusted colleagues dedicated to helping our St. Louis community find stability within these turbulent times.
Biography to come.
A graduate of St. Louis University with over 12 years of mortgage lending experience, Don Huber believes that every customer contact should not be treated as a transaction but a new opportunity to develop relationships. My strongest attribute is my commitment to my clients to being a valid partner, by walking with them through our loan process and looking out for their best needs. An active member of the community, Don is a Board Member form Cardinal Glennon Children’s Hospital Fund Raising Board Member. Don is also a member of the St. Louis Soccer Hall of Fame and St. Louis University Hall of Fame.
With over 25 years of experience, Nancy Rhodes loves working with families, and first-time home buyers, to purchase new homes. Nancy has extensive experience with a wide variety of loan programs such as USDA, MHDC, FHA, VA, and conventional home loans. Nancy specialized in helping buyers in Jefferson County and Perry County.
Biography to come.
Join us for a FREE informative presentation by real-estate & home loan experts on:
- The Pre-approval process
- Loan Options
- How to locate the best deals
- The steps of the buying process
Space is limited. Reservations Required. To RSVP, please call (314) 845-5110 or click the link below.
Watch for upcoming seminars.