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 Mortgage
Eagle Bank Mortgage offers a wide variety of loan options to fit the unique home finance needs of your home buyers. And with local processing and underwriting, you will always receive amazing service. Borrowers may choose from:
- Fixed Rate Mortgages
- Adjustable Rate Mortgages (ARMs)
- Specialty Loan Programs
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. You 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|
|An 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: Appraisal|
|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.
Home Ownership Outreach InitiativeThis 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.
Conventional Fixed Rate MortgageWith a fixed rate mortgage, your interest rate and monthly payment will stay the same for the entire term of the loan.
Adjustable Rate Mortgage (ARM)ARMs offer low initial rates with planned rate and payment adjustments. Market conditions directly impact these rate changes; built in rate caps and margins will help to limit increases over the life of the loan.
First Time HomebuyerMissouri Housing Development Commission (MHDC), First Time Home Buyer, and Down Payment Assistance programs exist to help with down payment or closing costs.
Federal Housing Administration (FHA) Mortgage LoanFHA Mortgage Loans are offered with fixed or adjustable rates and insured by the Department of Housing and Urban Development.
Veterans Administration (VA) Mortgage LoanVA 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 LoanUSDA 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 LoansJumbo Loans are available for both fixed and adjustable rate options, and are defined as loans greater than $417,000.
Kris Mills has 19 years of mortgage experience and has seen many of the fluctuations in the lending and real estate market. He has great foresight and the ability to make the necessary shifts in this ever-changing lending environment. Kris’s extensive knowledge of loan product guidelines has been integral to his success and longevity through the years. The customer experience is very important to Kris; he makes sure that every customer feels like they’re working with a friend. In his free time, he enjoys spending time with his lovely wife of 19 years and their three boys.
Nancy has worked in the mortgage industry for over 25 years. Having seen many changes over the years, she knows the importance of staying up to date on the industry changes and guidelines. Many years of working in the real estate industry has helped her understand the whole process from the origination of the home loan to the title insurance and final closing. It is important to her that each customer feels that they have been treated with the personal service they deserve, along with her understanding their financial needs and a well-rounded understanding of the industry.
Laura Rodewald is excited to be part of the team at Eagle Bank and Trust. Laura was born and raised in Perryville, Missouri and is very passionate about serving the community. She is a youth soccer coach and an active member Immanuel Lutheran School PTL. Laura brings her organizational skills and customer dedication to the team. Her main goal is to be there every step of the way and make the loan process easy and seamless for her clients. Laura will work with a full range of borrowers and she strives to make sure homebuyers are comfortable with their new home purchase and fully understand the mortgage transaction.
Bill Seek 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 a 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.
Damien Seek joined the Eagle Bank and Trust Lending Team in April 2014 as a Senior Mortgage Consultant. He is an entrepreneur and an active member of the Jefferson County community providing financial services for over 20 years. Damien enjoys combining the use of new technology with traditional face-to-face customer service. He has been helping borrowers qualify for loans for many years and is passionate about making the process simple, convenient and timely. As a client advocate, he will work tirelessly to help you reach your financial goals.
A graduate of Southeast Missouri State University, BS, Industrial Technology, BS, Construction Management. Stephen is a private pilot and airplane owner. He is president of C.A.E.E. a plane owners association promoting the Festus airport operations. Stephen excels in working with all types of mortgage products including the first time home buyer programs, V.A., FHA, Rural Housing and new construction loans. Stephen is very comfortable working with individuals of all ages and all walks of life. Stephen has been helping borrowers qualify for loans for more than 5 years and is passionate about making the process simple, convenient and timely.
Interested in what our Mortgage Loan Officers have to offer? Fill out the form below and you will be contacted by someone on our team!