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The Path to Homeownership

St. Louis – July 12th, 2022 – Gershman Mortgage is among the largest mortgage companies in the Midwest, being licensed in 17 states, with offices in 7. Our growth and profitability are directly attributed to the team’s “hand-on” approach to management and direct involvement in the day-to-day running of the company. As the mortgage process can be stressful at times, our team works diligently around the clock to ensure that our customers are provided with top tier service to ensure the mortgage process runs as smoothly as possible.

Whether you’re a first-time homebuyer or a seasoned owner who’s looking to find a new place to call home but aren’t quite sure where to begin, here is a brief “Path to Homeownership” guide to help you navigate the process.

Steps to Homeownership

  1. Get Pre-approved with Gershman
  2. Find your dream home
  3. Start the mortgage process
  4. Enjoy making memories in your new space

Steps to Preapproval

  1. Complete an application: Before you start searching for a home, contact your Gershman Mortgage loan officer to start the preapproval process.
  2. Provide documentation: With a preapproval, your loan officer or processor will request several documents that will be necessary to perform an extensive review of your financial background.
  3. Preapproval determination: Lenders look at many factors when determining a loan qualification. One of the most important elements is your credit score. Credit scores are simply a risk determination of possible default.  The higher the score, the less likely someone is to default. Typically, with a higher credit comes better rates and terms on loans.

Once you have a preapproval and know your price range, it’s time to begin your home search! Whether you’re planning on staying in the same home for a few years or several decades, buying a home is an important decision! Your real estate agent will be a valuable advisor in the home buying process. They will help you find your dream home and negotiate with the seller on your behalf.

Additionally, it’s important to inform your agent what you are hoping to find in a home by creating a “wish list” – location, price range, home type, square feet, beds/baths, lot size, year built, amenities, etc.

Next, choose a mortgage! At Gershman Mortgage we know that each borrower’s situation is different. We offer a variety of loan programs so that we can help you find the best loan program that meets your financial needs and home ownership goals. Our loan programs include FHA, Conventional, USDA, VA, Jumbo & alternative options such as Down Payment Assistance, Builders Extended Rate Lock Program, Doctor/Dentist Programs, and First Time Home Buyers. Your Gershman Mortgage loan officer is available to answer any questions, comments, or concerns you may have regarding the mortgage process.

We want all our borrowers to know that they are not alone in the homebuying journey. We promise to walk with you every step of the way until you close on your dream home!  

Click here to get in touch with a Gershman loan officer near you today!

About Gershman: Communities, families, and homes are at the heart of what we do at Gershman Mortgage. Our founding principles are based on the core values of honesty, integrity, the entrepreneurial spirit, and putting our customers first. We are passionate and committed to customer service and strive to ensure that we exceed the expectations of our customers. We are a customer-centric company devoted to creating and maintaining long-lasting relationships.

NMLS #138063 16253 Swingley Ridge Road Suite 400 Chesterfield, MO 63017 (800) 457-2357 Equal Housing Lender.