Home Loans

 
 
 

Home Loans

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:
  1. Your ability to repay the loan based on your total income and expenses.
  2. Your payment history and credit score.
  3. The source of funds you are using.
  4. The value of the property.
After the underwriter has reviewed the entire loan package, there can be four outcomes: Approval, Approved with conditions, Suspended, or finally Denial.
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.
  1. What is a closing? At your closing you will review the paperwork with your Eagle Bank Mortgage Banker, carefully going through each detail of the loan process, and finally signing the documents. Eagle Bank Mortgage Bankers then will give funds covering the loan to the closing agent, and a new escrow account will be set up. At the end of the closing if you are purchasing a new home, you will receive the keys to your new home. Please come to the closing with proof of homeowner's insurance as well as proof of any needed inspections. Please come with a certified or cashier's check for down payment and closing costs
  2. What am I signing? HUD-1 Settlement Statement. Truth-in-Lending Statement- This document is a full written disclosure of the terms and conditions of the mortgage, including APR and other fees. Deed of Trust.
  3. Closing Costs Closing costs are fees directly associated with the purchase of real estate. Typically, you can expect to pay about 3% of the total loan amount in closing costs, although that number will depend on the state you live in and the type of mortgage you choose. If you don't want to make a large cash payment at closing, there are things that you and your loan officer can consider: Some lenders offer small fixed-fee or no-fee mortgages, so you'll pay little to nothing out-of-pocket at closing.
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.

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

Jumbo Loans are available for both fixed and adjustable rate options, and are defined as loans greater than $417,000.

Lending Team

Join us for a FREE informative presentation by real-estate & home loan experts on:

Dean Pilcher, Vice President

NMLS# 697491

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.

Barbara Barton

NMLS# 697488

For years, Barbara has assisted clients with the management of their mortgage, keeping in view their overall financial plan. Whether you are a first time buyer or in 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. 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.

Sallie Burke

NMLS# 454633

Since 1993, Sallie Burke has been a top producing loan officer. Customers have placed their confidence in her and continue to do so as demonstrated by the number of referrals and repeat business she receives. Sallie takes the time to make sure that each borrower understands the mortgage process by being present for the loan application as well as the closing. Also, her support team is the best in the business.

Jeff Hays

NMLS# 697486

A graduate of Maryville University with a BSBA in Business Management and Minor in Marketing, Jeff has been with Eagle Bank for 4 years and has been in the Mortgage Industry for 10 years. Add 5 years with a Third Party Relocation Company and other professional experience and Jeff has over 30 years experience in providing excellent service to his customers. Jeff takes the time to explain the mortgage process to his customers. They not only feel they were treated well, they know it. Jeff is available to the customer when they need him and will personally take their application or close their loan when and where it's convenient for them. 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.

Nick Perkins

NMLS# 308371

Nick Perkins brings a wealth of knowledge, experience, and creativity to the art of mortgage banking. His success in the mortgage industry stems from his desire to exceed the expectations of each and every Client. Nick is an expert in strategic mortgage planning, and since 2001 has helped hundreds of Clients integrate their mortgage into the personal and financial goals. In addition to helping his Borrowers identify the appropriate mortgage product, Nick offers creative strategies for gaining equity faster without compromising cash-flow. A native of Olivette, Missouri, Nick graduated from Horton Watkins (Ladue) High School and went on to receive his Bachelor of Arts from the University of Missouri.

Bill Seek

NMLS# 691515

A graduate of the University of Missouri, BS, Health Related Professions, Master's Business and Public Administration. Graduate, Missouri School of Banking. Veteran U. S. Navy. Member Rotary International, Jefferson College Foundation, Jefferson County Parks and Recreation Commission. Past Board of Director Eagle Bank. Loan officer since 1999. Bill is comfortable with all types of mortgage products including the first time home buyer programs, V.A., FHA, Rural Housing and new construction loans. Bill is very comfortable working with individuals of all ages and all walks of life. Bill has been helping borrowers qualify for loans for more than 30 years and is passionate about making the process simple, convenient and timely.

Alex Schwent

NMLS# 697491

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.

Marion Clark

NMLS# 699283

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.

Stephen Seek

NMLS# 691514

Coming Soon.

Tim Hunter

NMLS# 502025

Coming Soon.

Don Huber

NMLS# 697490

Coming Soon.

Bobby Horvath

NMLS# 300480

Coming Soon.

Upcoming Seminars

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.

Date Time Location Address Google Map
watch for dates coming soon 6:00pm - 7:30pm Edward Jones, South Campus 3944 Vogel Rd, Arnold Mo 63010 View Map