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Mortgage Loans in Cedar Lake, IN

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Mortgage Loan

How the process works

1

Loan Application & Documentation

Complete your loan application and send us your required documentation.

2

Review

Review your loan documentation, your preapproval is in process.
3

Preapproval

Congratulations! You’re Preapproved!

4

Accepted Offer

You have found a home and have received an accepted offer.
5

Finalizing Your Application

You submit additional documents so that we can submit your file into underwriting and get a conditional approval.
6

Appraisal

Let’s get the value of your new home!

7

Initial Closing Disclosure

This is where you will see the initial breakdown of your loan.

8

Clear To Close

Time to schedule your closing

9

Wire Funds for Closing

Never wire funds without speaking to us.
10

Final Closing Disclosure

This is the final breakdown of your loan.
11

Closing

Sign all of your documents with the Title Company, move into your new home, and make some AMAZING memories.

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All about Cedar Lake, IN

Cedar Lake is a town in Hanover and Center townships, Lake County, Indiana, United States. It is near the Illinois state line. Its population was 11,560 at the 2010 census. The town is notable for its location on Cedar Lake, the Lake of the Red Cedars museum, and veteran charity organization Operation Combat Bikesaver.

Source: https://en.wikipedia.org/wiki/Cedar_Lake,_Indiana

History of Cedar Lake, IN

Cedar Lake was settled by pioneers in the mid-19th century and was originally named West Point; the name “Cedar Lake” belonged to a nearby town that is now called Creston, Indiana. In 1839, the town that was then called West Point competed with the settlements of Liverpool and Lake Court House (later called Crown Point) to be the county seat of Lake County, but lost out to Liverpool. By 1870, the Cedar Lake Post Office was established, giving the area a new name. After the Monon Railroad came to the lake’s western shore in 1882, many new residents flocked to the area along with tourists who saw the lake as a resort destination. From the late 19th century to the early 20th century, Cedar Lake was a popular place for Chicagoans looking for a retreat from the city. The lake had over 50 hotels at the time and several pavilions and ballrooms that brought many well-known bands to entertain the visitors.

The Lassen Hotel and Monon Park Dancing Pavilion are listed in the National Register of Historic Places.

Source: https://en.wikipedia.org/wiki/Cedar_Lake,_Indiana

Demographics of Cedar Lake, IN

As of the census of 2010, there were 11,560 people, 4,193 households, and 3,002 families living in the town. The population density was 1,406.3 inhabitants per square mile (543.0/km2). There were 4,692 housing units at an average density of 570.8 per square mile (220.4/km2). The racial makeup of the town was 94.9% White, 0.5% African American, 0.3% Native American, 0.4% Asian, 2.4% from other races, and 1.7% from two or more races. Hispanic or Latino of any race were 6.5% of the population.

There were 4,193 households, of which 39.1% had children under the age of 18 living with them, 53.9% were married couples living together, 11.7% had a female householder with no husband present, 6.0% had a male householder with no wife present, and 28.4% were non-families. 22.1% of all households were made up of individuals, and 5.9% had someone living alone who was 65 years of age or older. The average household size was 2.75 and the average family size was 3.23.

The median age in the town was 34.9 years. 26.6% of residents were under the age of 18; 8.7% were between the ages of 18 and 24; 29.3% were from 25 to 44; 26.6% were from 45 to 64; and 8.6% were 65 years of age or older. The gender makeup of the town was 50.7% male and 49.3% female.

Source: https://en.wikipedia.org/wiki/Cedar_Lake,_Indiana

Thomas Faille HomeTown Lenders Team

Thomas Faille

Producing Branch Manager  //  NMLS #65084

Tom has been in the finance industry for 22 years and can assist in the loan process for most of the 50 states. He is a wonderful husband to his wife, Kathy, and proud father to Jake and Ava. In his spare time, he enjoys watching College and Professional football rooting for Notre Dame and The Raiders.

thefailleteam@gmail.com(219) 707 8106
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Thomas Faille HomeTown Lenders Team