Ameristar Mortgage serving Milwaukee, Brookfield, Racine, Lake Geneva, Kenosha & Waukesha Area

The Loan Process at Ameristar Mortgage

Our team of mortgage professionals is trained to provide you with the information to make obtaining the right loan easy. Whether you want a Good Faith Estimate, Pre-qualification, or even Pre-Approval, you can apply from the comfort of your home or office. Ameristar Mortgage Corporation will gather the proper information online or over the phone and fax or mail the necessary documents directly to you. At Ameristar Mortgage Corporation you can check our most recent rates, fees and closing costs, communicate with our staff through e-mail, submit a pre-qualification and apply for a mortgage 24 hours a day, seven days per week online. Follow the easy steps outlined below to obtain your loan:

Step One: Applying

Apply online at this web-site or download the application and fax it to us, or send the application by U.S. mail. You can also submit your loan application by phone at 262-782-0932 with a loan originator; the process takes just minutes! Any way you choose to apply, Ameristar Mortgage Corporation will "Lock-in" your rate. If you close within your designated lock-in period we guarantee that the terms (rate and points) of your loan will not change.

Step Two: Confirmation of Application

Within 24 - 48 hours you will be sent complete documentation relating to your loan, much of it already filled out, for your approval and signature. This package will include a Good Faith Estimate of Settlement Charges, a Finance Agreement, a Federal Truth-in-Lending Disclosure Statement and a list of documentation required to expedite the processing of your loan. You will be requested to return these documents in a timely manner by mail or fax at 262-782-1302.

Step Three: Processing & Appraisal

Processing your file will allow us to complete the package for underwriting. Ordering credit reports, title reports and appraisal is completed in this step. In this phase, we will be completing the file, gathering all documentation and "painting the picture" for an underwriter. This process allows us to present your case to the investor in the most favorable light. Our ability to present your financial package to the lender will allow us to secure the best rate in the least time possible.
This is where the final loan product is selected and the interest rate is locked in. If you know at any time what type of loan you want, and feel the rate is acceptable, we can lock your loan at any time.

Step Four: Underwriting

This is where the final decision is made by our underwriting department. They will review your entire package and make their decision based on four critical elements:

Income
Assets
Liabilities
Collateral
Credit Report

Step Five: Closing

Here is the final step to the transaction. We will have the documents sent to a closing facility near you. This is where you sign the documents necessary to satisfy the lender. This is also where any funds required for closing (such as down payment) will be required. Once all parties have been satisfied, the loan will "Close" and funds will be disbursed.

About Ameristar Mortgage
Current Mortgage Rates
Apply or Pre-qualify Online
Wisconsin Mortgage Programs
Contact Ameristar Mortgage

[ Home ] [ About Us ] [ Apply Online ] [ Current Rates ] [ Programs ] [ Government Loans ] [ Loan Process ] [ Calculator ] [ Privacy Policy ] [ Local Resources ] [ Contact Us ]