Phone: 317-844-2250
Indianapolis Home Mortgage
At LMC we know choosing the right Indiana mortgage lender is as important as choosing the right house. That’s why we work in partnership with our clients to learn about their needs and find the best financing for their lifestyle.
Our company is Indiana owned and operated. We live and work in the community where we do business and have established a mission to ethically, professionally and expediently provide residential lending and finance services to customers.
If you’re looking for an Indiana mortgage broker, call us. A broker is always available to answer your questions and provide approvals and pre-approvals. Our professionals have experience working with customers buying their first home, moving up to larger quarters, downsizing, building their dream home or buying a condo.
Contact Langdon Mortgage Company at 317-844-2250 or 866-844-2250.
Our Mortgage Consultants are always available - including nights and weekends. Email your request now and we will respond within 8 hours of your submission!
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Indiana Home Mortgage for All Kinds of Buyers
Buying a first home is exciting, exhilarating and sometimes overwhelming. That feeling remains whether a customer is upsizing, downsizing or building. There’s a lot to think about including finding the right lending partner to determine the best financing options and rates.
Because our lenders live and work in the community and our owners’ last name is the company name, we all know we have to work hard to meet and exceed the expectations of our customers. Afterall, we could wind up being your neighbor!
There's a lot involved in getting a loan and finding the best rates, so your LMC lender works to streamline and simplify the process so you can concentrate on what is important to you…preparing to move into your new home. No matter what stage of homeownership you are in there are four main steps to obtaining an Indiana home loan: consultation, application, proccessing/approval and closing/funding the loan.
1) Mortgage Lender Consultation: We Ask, You Answer
As your Indiana mortgage lender, an LMC professional will meet with you face to face (even if you’ve secured a pre-approval) to ask you a lot of questions about your current financial situation, type of house you’re buying and long-term plans. This helps
better match your needs with the right Indiana mortgage rates and options. The lender will research options and answers before providing ideas for your situation.If you are purchasing a house, condo, vacation place or investment property, questions could include: do you have a down payment; are you a first-time buyer; do you rent; do you have a current house; do you plan on occupying the property you are buying; do you own any other properties; have you claimed bankruptcy or had a foreclosure in the last 7 years; and are you self-employed? We’ll also discuss current rates.
If you are refinancing, questions could include: are you looking for a change in rates and terms; are you looking for cash out of your home; how long have you lived in your current house; when was the last appraisal done on your property; do you plan on occupying the property you are buying; do you own any other properties; have you claimed bankruptcy or had a foreclosure in the last 7 years; are you self-employed?
2) Mortgage Application: You Decide to Take the Step with Your Broker
After your preliminary consultation, it’s your turn to decide if you would like to proceed further into the process. At that time a lender asks for personal information. (visit Info Needed to Apply for specifics), your credit is pulled and passed through our prequalification system to see if we can get an approval on your application. When the purchase agreement and loan application is complete, rates are determined, locked and terms set.
3) Indiana Mortgage Company Application Processing and Approval
After all the information is gathered and the terms agreed upon, your application will go into processing. The processing is actually in two parts: information collection and underwriting. The information collected will be such items as the appraisal and proof of homeowner’s insurance. Underwriting verifies that all the information is in line with program guidelines. Once all underwriting conditions are met, a clear to close is issued on your loan and a closing date can be scheduled.
4) Closing On Your Home Mortgage
Contact our trained professionals today!Once your loan has been clear to closed, your LMC broker coordinates the closing between you and a title company. The broker will send closing instructions to the title company. You will sign all of the paperwork with a representative of the title company. Your LMC lender will be present at closing too, to personally address any questions or concerns you may have.
