FAQ

FAQ - Frequently Asked Questions

Groundwork Mortgage President Jeff Berger answers your important questions regarding home ownership and choosing the right mortgage company

FAQ – Frequently Asked Questions

1. Do I need a 20% down payment to be approved for a loan?

No! At Groundwork Mortgage we have loan programs available with as little as 10%, 5%, 3%, or even 0% down for qualified applicants.

2. How long does it take to get approval for a home loan?

It doesn’t take days. It can happen in minutes. At Groundwork Mortgage, our team has the ability to pre-qualify you for a loan in as few as 15 minutes, either by phone or in-person.

3. Do I need to work with my local bank to secure a home loan?

No, you should choose Groundwork Mortgage. We work with multiple lenders of choice. Let us access the market for you.

For more answers to your questions, call Groundwork Mortgage today at (636) 537-1005 or find us at groundworkmortgage.com.

Have Questions?

This short FAQ video will help!

or call (636) 537-1005

5 Reasons to choose Groundwork for your
New Home Mortgage Solution

1. Dedicated to serving New Residential Construction

2. Committed to serving you

3. Options and value, the key ingredients to meet your needs

4. Unparalleled professionalism and transparency

5. Not just about the work, Groundwork is invested in the community

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This is an advertisement. Information provided is strictly for advertising purposes and is not a commitment to lend or to extend credit. Credit availability is subject to property and credit approval, including, without limitation, loan application, verification and underwriting, and is only available to qualified applicant borrowers. Interest rates, if shown, vary and change without notice. Annual Percentage Rate (APR) will be higher than any interest rate shown. Payment amounts, if shown, are estimates only and any amounts shown for taxes, insurance or other escrow items are only estimates and actual payment obligations vary and will be higher. Financial and loan data shown, if any, is provided strictly for scenario and illustrative purposes. Mortgage insurance may be required depending upon an applicant borrower’s actual scenario. Loan programs, availability, requirements, guidelines and credit criteria vary and change without notice. Framework Mortgage, LLC d/b/a Groundwork Mortgage (“GWM”), is a Missouri, Kansas and Illinois licensed equal housing mortgage company. To help applicable authorities fight the funding of terrorism and money laundering activities, law and regulations require that financial institutions like GWM obtain, verify and record information identifying each person applying for financing. When a consumer applies for financing GWM will ask each consumer applicant their legal name, address, date of birth and other identifying information, including asking for a copy of the consumer’s driver’s license or other identifying documents. Consumer understands that if consumer is purchasing a new home from a homebuilder (“Builder”) that GWM advertises with, that the advertising business relationship is hereby fully disclosed to the consumer by GWM. Consumer further understands that consumer is NOT required to choose GWM for its mortgage origination services in order to purchase a home from a Builder nor as a condition of a Builder’s sale of a home to consumer. It is consumer’s sole choice whether to utilize GWM’s mortgage origination services. There are frequently other mortgage companies providing services similar to GWM. Consumers are encouraged to shop around to determine that they are receiving the best service and rates. GWM has a business relationship with Groundwork Insurance Services, LLC d/b/a Groundwork Insurance (“GWI”), a licensed insurance producer. GWM and GWI share common ownership by way of a parent limited liability company. Because of this relationship any referral from GWM to GWI or from GWI to GWM may provide GWM or GWI (as applicable) a financial or other benefit. The legal affiliation as between GWM and GWI is hereby fully disclosed to consumers. Consumers understand that consumers are NOT required to choose GWI for its insurance services as a condition of GWM’s mortgage origination services to consumer. There are frequently other insurance producers providing services similar to GWI. It is consumer’s sole choice whether to utilize GWI’s insurance services. Consumers are encouraged to shop around to determine that they are receiving the best service and rates. This information is not a commitment to extend consumer credit as defined by section 226.2 Regulation Z. NMLS 1211416, Missouri mortgage company licensee 21-2198, Kansas mortgage company license MC.0025760, Illinois residential mortgage licensee MB.6761278. 687 Trade Center Boulevard, Suite 120, Chesterfield MO 63005 (636) 537-1005. 1915 Industrial Drive, Suite 200, Liberty MO 64068 (816) 708-0001. Additional registration and licensing information available via NMLS Consumer Access (https://nmlsconsumeraccess.org/).