Our Lender
Phillip Lillge, Flat Branch Home Loans
Company NMLS: 224149 | NMLS: 967760
- (317) 902-6031
- plillge@fbhl.com
Before starting in the mortgage industry, I worked in the same housing company for 17 years. I began part time and worked my way up to become a top producing Commercial Sales Manager. I discovered early on that there is no quick and easy shortcut for success, and have found that to be especially true in the mortgage world.
It takes honesty, integrity, timeliness, excellent programs and sincere customer service that creates trust and educates clients. I’ve implemented these principles into the foundation of my business, and love seeing the difference it makes in the lives of hopeful home buyers. We even created a video series, the 6 Steps to Your New Front Door, to guide clients through the mortgage process so no one is ever left in the dark.
Demystifying Home Loans
If you haven’t experienced it before, the home loan process can feel overwhelming, but our agents will help you stay informed throughout the process, from pre-approval to closing. The first thing to do is consult with a mortgage specialist (or two). If you don’t already have someone in mind, we partner with some of the best lenders in the industry, and we’d be happy to introduce you, so you’ll be taken care of.
Get Pre-Approval
Before you start looking for a home to buy, it’s a good idea to meet with your Loan Officer to get pre-approved for a loan amount. At this stage, the lender gathers information about income, assets and debts of the borrower (you) to determine how much house you may be able to afford. This includes a credit report, W-2 forms, pay stubs, Federal Tax Returns and recent bank statements. There are a variety of different loan programs, so make sure to get pre-qualification for the specific programs that best suit your needs.
We Help You Get The Best Loan
Start The Process
We’ll help you find the best local loan officer to get you competitive rates and the programs that best fit your individual needs. Fill out this form and we’ll connect you with a lender today!
Application & Processing
What happens when a loan goes "live"
When you find property you’re ready to buy, your lender will help you complete a full mortgage loan application, and talk you through the various fees and down payment options. The application is submitted to processing, where the documents are reviewed and appraisals and title examination are ordered. Then the loan is sent to an underwriter, who reviews and approves the entire loan if it meets compliance.
Closing
Signing and Finalizing the deal
Don’t be surprised if you’re asked for additional documentation or clarification throughout the process. Once your loan is approved, don’t forget to set up homeowners insurance. Your documents will be sent to the title company, where you’ll sign for the new home and pay any remaining costs. Then the loan is recorded and you get the keys. Congratulations, happy homeowner!
