SREG092823

YOUR SIOUXLAND REAL ESTATE EXPERTS

Keri Boneschans 712-898-8829

Nicole Card 712-226-6048

Peggy Christensen 712-251-2308

Steph Dattolico 712-898-8091

Liz Deurloo 712-490-5141

Juan Garcia 712-560-5177

Diego Hernandez 712-449-5959

Hoak 712-251-4886

Kevin McManamy 712-253-0654

Sydney McManamy 712-301-3191

Dave Pepin 712-635-5945

Lee Quade 712-898-1606

Samantha Tuton 712-202-3514

Daniel Nguyen 712-212-1134

Bob Patton 712-490-8734

Nick Tramp 402-660-4686

Claudia Zapata 712-281-2644

HOME IS THE NICEST WORD THERE IS.

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Roberto

Bus: 712-274-0014 roberto@segurosconroberto.com segurosconroberto.com

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RENKEN RD. AKRON, IA

201 N. UNION ST. WESTFIELD, IA $170,000

HOFFMAN & JANEL PEARSON

K42 LE MARS, IA

AVENUE I HAWARDEN, IA

Holly June NMLS# 420241

Sonia Locke NMLS# 1170815

Janelle Noreen NMLS# 420242

Julie Schmidt NMLS# 420240

SUNDAY, OCTOBER 1

TUESDAY, OCTOBER 3

How to Get Pre-Approved for a Mortgage (And Why You Should)

Courtesy of Article City

The homebuying process is an exciting time for individuals and families who are stepping into the next chapter of their lives. It also, however, requires a lot of paperwork and technical knowledge most homebuyers don’t have. Your REALTOR® will be an invaluable resource in guiding you through this process, but there are also steps you can take before you look at houses to make it easier.

One option you have is to get pre-approved for a mortgage. This will help you confidently put in offers and hasten the closing process.

WHAT IS MORTGAGE PRE-APPROVAL?

Pre-approval means a lender is ready to give you money once you are ready to buy a home.

In this case, you don’t know what home you intend to buy yet, but you do know that you will buy one in the near future. Your lender will look at your current financial situation, credit score and credit history, and then provide an amount for how much they are willing to give.

A pre-approval can last up to 120 days, giving you enough time to engage with your real estate agent to find and buy a house.

The main benefit of pre-approval is knowing that you will have a financial partner once you decide to buy a house. This way, you won’t lose your dream home because you couldn’t get financing.

Getting pre-approved for a mortgage can also help you budget before you start looking for a home. You can learn how much house you can afford to stay in an ideal range.

This value of peace of mind alone often makes the pre-approval process worth it! HOW DO YOU GET PRE-APPROVED FOR A MORTGAGE?

Pre-approval starts with a meeting with your mortgage lender You will want to come prepared for this meeting and have your financial documents in order already, otherwise, it could delay the approval process.

As a general rule of thumb, there are five things you need in order to get pre-approved:

• Proof of income: You will need W-2 statements from the past two years, recent pay stubs and other documents that prove your income like past tax returns.

• Proof of assets: These include bank statements and other investment statements that prove you have enough cash on hand to cover the cost of a down payment, closing costs and other home buying expenses.

• Good credit: Most lenders expect you to have a credit score of 620 or above to buy a home.

• Employment verification: This goes along with your pay stubs. Your lender will likely call your employer and previous employer to verify that you work there (or did work there) to confirm that the documents are accurate.

• Miscellaneous documentation: You may need additional documents if you are selfemployed or need a specific type of loan.

Your mortgage lender may give you a checklist of items that you need before you meet with them for pre-approval.

While the actual approval process doesn’t take long, you may need to spend some time pulling together information like your pay stubs and tax information. If your mortgage lender provides guidelines for getting preapproved (like credit score limits), you can see how likely you are to get pre-approved just by reviewing your own documents before you submit them.

HOW LONG DOES IT TAKE TO GET PRE-APPROVED?

Pre-approvals actually don’t take that long, which is good news if you are in a hurry to buy a house. Most people can get pre-approved within 24 hours of contacting their lender if all of their documents are in order.

NAVIGATING THE HOMEBUYING PROCESS WITH PRIMEBANK

When it’s time to choose financing for your dream home, Primebank offers versatile solutions to help provide loans customized for you. We’ll create a loan to meet your needs with credit decisions made locally and personal service from start to finish.

Experience for yourself the difference our experts make when it comes to your home loan. To see how easy the home loan process can be, visit the experts at Primebank.

Four bedroom, 3.5 bathroom, 3 stall garage, 2 story home on a cul~de~sac on Sioux City’s Northside. This one owner home welcomes outdoor serenity with a wrap around front covered patio with beautiful landscaping and perennial flowers. When entering this home the open staircase foyer, has a coat closet and a view of the formal dining room. The cozy living room has plenty of natural light due to the skylights and large windows looking out to the private backyard. The living room, boasts it’s built-ins and a gas brick fireplace. The kitchen can be seen through the opening in the wall so conversations can flow. The kitchen is eat-in, with a island and plenty of cabinet and counter space. There is a main floor laundry room including a laundry chute from the second floor. The second floor has 4 bedrooms, a full bathroom with double vanity and a door to the toilet and bathtub for privacy. The master bedroom has a 3/4 bath and a walk-in closet. The lower level has a den with a walk-in closet and a built in desk, ready for a home office or study. A large living area with built-ins and a 3/4 bathroom is also on the lower level. An additional entrance to the lower level is also assessable through the oversized 3 stall garage. The large backyard is bird watchers delight with mature landscaping. New exterior paint, HVAC and porch remodel in 2016. New refrigerator, stove, microwave and fireplace in 2021. New basement windows 2021. This home is the pride of ownership. Take a look!

Flatwater Crossing: New Development

Great time to begin building that home of your dreams in Siouxland’s most exciting, vibrant, unique community that is intertwined with trails, greenspaces, parks, village center with boat dock, restaurants and impressive river views.

GREENSPACES

Flatwater Crossing’s network of trails, greenspaces, plazas, natural landscaping and outdoor venues offer something for everyone. Whether you’re in the mood to have a run by the Missouri River or take in an outdoor concert, Flatwater Crossing has a variety of convenient options to fit your lifestyle and hobbies.

A BETTER MORTGAGE EXPERIENCE

Our mortgage services are more than the loans themselves. Our rates are competitive. Our process is simple and quick. But first and foremost, with Central Bank, you have a mortgage o cer who will provide the unparalleled personal service you expect.

And that’s peace of mind.

ACREAGE

VIEWS

6852

$1,300,000

$1,265,000

177-178

$649,900

Side-by-side duplex with each unit having 2 bedrooms, 2 baths, full basement, main floor laundry, double garage, on a cul-de-sac.

2181

$550,000

Three bedrooms, 3 baths, oak cabinets in kitchen, full walk-out basement, 5-stall garage. All on 9+ acres.

$549,950

Five bedrooms, 2 baths, original woodwork and hardwood floors, double attached garage, 72’x60’ Morton building, on 4.38 acres.

$324,950

TOWNHOUSE - PRICE REDUCED

178

$324,950

Two bedrooms, 2 baths, open floor plan, main floor laundry, full basement, double garage on a cul-de-sac.

2009 325th St. Sloan, IA

N. Canterbury Cir. North Sioux City, SD

N. Canterbury Cir. North Sioux City, SD

Old Hwy 141 Bronson, IA

- PRICE REDUCED

Cypress Pt. Sioux City, IA

1113 18th St.

2,256 sq. ft. $185,000

There’s a bunch of room for you to spread out in this 2-story home in Midtown Sioux City!

100 W. Creek Dr. Lawton, IA

5,782 sq. ft. $875,000

Sprawling executive ranch with inground pool, gorgeous cabana with updated kitchen, 7 bedrooms, 7.5 bathrooms, accessible with accessible bedroom suite.

3,150 sq. ft. $445,000

This spacious ranch home in bedroom community of Lawton, Iowa features 1,950 sq. ft. on the main floor. Features a reading/computer nook just to the left of the living room with open concept to the dining area and kitchen. Extra lot with shop/garage.

7 BEDROOM 7.5 BATHROOM

4216 Perry Way Sioux City, IA

3 BEDROOM 3 BATHROOM

5 BEDROOM 2 BATHROOM

Sioux City, IA

This 40-acre farm is located in Plymouth County as it abuts into Woodbury County. A great place to develop a neighborhood of homes or an industrial park. There is a little old farm house that is given no value in the pricing of the land with a tenant. Do not drive to house. The 2023 crop belongs to the seller. The ground is a variety of silt loam. The address of Little House is 24567-340th. $23, 750 per acre. Listing agent is related to seller.

VA LOANS FOR VETERANS AFFORDABLE FINANCING

As a veteran, it is very possible that you will find your best value in a VA loan. Eligibility for a VA loan is contingent upon the borrower’s length and status of active duty military service. VA loans are insured by the Department of Veterans Affairs. The VA is the only agency that insures its loans without charging a premium. VA loans do not carry a maximum loan amount, but do place limits on insurance liability to investors.

PURCHASE BENEFITS

■ No down payment required, with up to 100% loan-to-value

■ No origination fee

■ No annual mortgage insurance premium

■ No prepayment penalty

■ Forbearance/assistance options

■ No maximum loan amount do place limits on insurance liability to investors

REQUIREMENTS

■ VA Funding Fee required (exemptions apply)

■ Certificate of Eligibility required

■ Original entitlement must be satisfied before new entitlement may be used

■ Primary residence only (purchase only)

REFINANCE PROGRAMS

■ VA Payment Reduction Program

The Interest Rate Reduction Refinance Loan (VA IRRRL), allows veterans to reduce their current VA mortgage interest rate and payment.

■ 90% CASH OUT REFINANCE

Refinance as much as 90% of the total value of your home.

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