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Upfront Approvals

Most other mortgage companies require that you start the loan process by talking to one of their high pressure salespeople, complete the application, send them all of your information, pay for an appraisal, then wait 1-2 weeks for underwriting to review all of this information.  All of this in the hopes that the loan you desire will be approved without any guarantees of an approval.  What an outdated way to do business!


Here at Magnolia Bank we get your loan pre-qualified first.  Once you scan or fax your signed disclosures and items needed to us, your Loan Originator will run your loan through a state of the art automated computer underwriting system.  This allows us to have pre-qualifications issued upfront in minutes, not days.  There is no more guesswork by a salesperson who may or may not know all of the underwriting guidelines.  This automated underwriter issues a pre-qualification up front so there are no surprises at the end. 


Once the pre-qualification is issued, then your home will be appraised and any additional information will be gathered.  We do not waste your time and money working on a loan that cannot be delivered.  We have eliminated the high pressure salespeople...and the surprises. 


Click Get Rates to get your upfront pre-qualification. 



Speak With A Loan Originator 


Would you prefer to speak with a Loan Originator over the telephone?  Please call us directly at   1-800-276-CYOL(2965) and choose option 1.  Or, click here to have one of our experienced representatives contact you directly.