Welcome to Homeownership. Buying a home is more than a transaction—it’s a milestone. At Heartland Financial & Mortgage, we guide you through every step of the journey with clarity, confidence, and care. Whether you’re a first-time homebuyer, upgrading for your family, refinancing, or investing, we’re here to help.

The Mortgage Process, Step by Step

1. Initial Consultation – We’ll talk through your goals, review your finances, and explore loan options.
2. Pre-Approval – Shows sellers you’re a serious buyer by verifying income, credit, and assets.
3. Loan Application – Provide documents like pay stubs, tax returns, and bank statements.
4. Appraisal & Title Work – Confirms the property’s value and clears legal ownership.
5. Underwriting – Our team reviews everything to ensure loan requirements are met.
6. Clear to Close – All conditions are satisfied and your closing is scheduled.
7. Closing Day – Sign documents, pay closing costs, and get the keys to your new home!

What’s in Your Mortgage Payment?

• Principal – The amount you borrow.
• Interest – The lender’s charge for the loan.
• Property Taxes – Collected monthly or paid directly to your county.
• Private Mortgage Insurance (PMI) – Required if your down payment is under 20%.

Upfront Costs to Plan For

• Earnest Money Deposit – 1–3% of the purchase price, showing sellers you’re committed.
• Down Payment – Typically 3–20%, depending on loan type.
• Closing Costs – Usually 2–5% of the home price, covering lender and transaction fees.

Example for a $300,000 home:

• Earnest Money: $3,000–$9,000
• Down Payment (5%): $15,000
• Closing Costs (3%): ~$9,000
  Total upfront costs: $27,000–$33,000

Loan Options at Heartland Financial & Mortgage

• Conventional Loans – Stable option for strong credit and income.
• FHA Loans – Low down payment, great for first-time buyers.
• VA Loans – Zero down for eligible veterans and active-duty service members.
• USDA Loans – Zero down for qualifying rural properties.
• Jumbo Loans – For high-value homes above standard loan limits.
• Down Payment Assistance (DPA) – Programs available for qualified buyers.
• Alternative Loan Solutions – Flexible options if you don’t qualify elsewhere.

Documents You’ll Need

• Government-issued photo ID
• Social Security Number
• Two years of W-2s or tax returns
• Recent pay stubs (last 30 days)
• Two to three months of bank/asset statements
• Proof of any additional income (bonuses, rental, alimony, etc.)

Smart Buyer Tips✔ Check your credit score early
✔ Track your budget and reduce debts
✔ Save for down payment + closing costs
✔ Respond quickly to lender requests

Why Choose Heartland Financial & Mortgage?

• Local & Accessible – Real people, not call centers.
• Wide Loan Options – Including programs other lenders skip.
• Relationship-Focused – We’re committed to your long-term success.
• Educational Approach – We explain every step in plain language.

Take the Next Step with Confidence​