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Mortgage Loans in Valparaiso, 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 Valparaiso, IN

Valparaiso colloquially Valpo, is a city and the county seat of Porter CountyIndiana, United States. The population was 34,151 at the 2020 census.

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

History of Valparaiso, IN

The site of present-day Valparaiso was included in the purchase of land from the Potawatomi people by the U.S. Government in October 1832. Chiqua’s town or Chipuaw was located a mile east of the current Courthouse along the Sauk Trail. Chiqua’s town existed from or before 1830 until after 1832. The location is just north of the railroad crossing on State Route 2 and County Road 400 North.

Located on the ancient Native American trail from Rock Island to Detroit, the town had its first log cabin in 1834. Established in 1836 as Portersville, county seat of Porter County, it was renamed to Valparaiso (meaning “Vale of Paradise” in Old Spanish) in 1837 after ValparaísoChile, near which the county’s namesake David Porter battled in the Battle of Valparaiso during the War of 1812. The city was once called the “City of Churches” due to the large number of churches located there at the end of the 19th century. Valparaiso Male and Female College, one of the earliest higher education institutions admitting both men and women in the country, was founded in Valparaiso in 1859, but closed its doors in 1871 before reopening in 1873 as the Northern Indiana Normal School and Business Institute. In the early 20th century, it became Valparaiso College, then Valparaiso University. It was initially affiliated with the Methodist Church but after 1925 with the Lutheran University Association (which has relationships both with the Lutheran Church Missouri Synod, and with the Evangelical Lutheran Church in America) and expanded significantly after World War II.

From the 1890s until 1969, there were no African-American residents in Valparaiso. This has been attributed to Valparaiso being a sundown town. There was also substantial activity by the Ku Klux Klan, which negotiated to purchase Valparaiso University in 1923. The first African-American family to move to Valparaiso faced intimidation and eventually left the city when a visiting relative was murdered. In recent years, the city’s racial composition has diversified.

Valparaiso also has a long history of being a transportation hub for the region. In 1858, the Pittsburgh, Fort Wayne and Chicago Railroad reached Valparaiso, connecting the city directly to Chicago. By 1910, an interurban railway connected the city to Gary, Indiana. Today, while the city no longer has a passenger train station, it is still very much a part of the “Crossroads of America” due to its proximity to I-65I-80I-90, and I-94. Additionally, the Canadian National railroad still runs freight on the tracks, including through the downtown area.

Until 1991, Valparaiso was the terminal of Amtrak‘s Calumet commuter service.

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

Geography and Demographics of Valparaiso, IN

The city is situated at the junctions of U.S. Route 30State Road 2, and State Road 49.

According to the 2010 census, Valparaiso has a total area of 15.578 square miles (40.35 km2), of which 15.53 square miles (40.22 km2) (or 99.69%) is land and 0.048 square miles (0.12 km2) (or 0.31%) is water.

As of the census of 2010, there were 31,730 people, 12,610 households, and 7,117 families residing in the city. The population density was 2,043.1 inhabitants per square mile (788.8/km2). There were 13,506 housing units at an average density of 869.7 per square mile (335.8/km2). The racial makeup of the city was 89.9% White, 3.3% African American, 0.3% Native American, 2.1% Asian, 0.1% Pacific Islander, 2.2% from other races, and 2.1% from two or more races. Hispanic or Latino of any race were 7.1% of the population.

There were 12,610 households, of which 28.7% had children under the age of 18 living with them, 41.6% were married couples living together, 10.9% had a female householder with no husband present, 3.9% had a male householder with no wife present, and 43.6% were non-families. 34.5% of all households were made up of individuals, and 11.3% had someone living alone who was 65 years of age or older. The average household size was 2.28 and the average family size was 2.99.

The median age in the city was 33.4 years. 21.3% of residents were under the age of 18; 15.9% were between the ages of 18 and 24; 26.9% were from 25 to 44; 22.8% were from 45 to 64; and 13.1% were 65 years of age or older. The gender makeup of the city was 48.6% male and 51.4% female.

As of the census of 2000, there were 27,428 people, 10,867 households, and 6,368 families residing in the city. The population density was 971.6/km2 (2,515.4/mi2). There were 11,559 housing units at an average density of 409.4/km2 (1,060.1/mi2). The racial makeup of the city was 94.35% White, 1.60% African American, 0.23% Native American, 1.49% Asian, 0.02% Pacific Islander, 0.79% from other races, and 1.52% from two or more races. Hispanic or Latino of any race were 3.34% of the population.

There were 10,867 households, out of which 28.8% had children under the age of 18 living with them, 45.9% were married couples living together, 9.7% had a female householder with no husband present, and 41.4% were non-families. 33.4% of all households were made up of individuals, and 10.9% had someone living alone who was 65 years of age or older. The average household size was 2.27 and the average family size was 2.93.

In the city, the population was spread out, with 21.2% under the age of 18, 17.4% from 18 to 24, 28.1% from 25 to 44, 20.2% from 45 to 64, and 13.1% who were 65 years of age or older. The median age was 33 years. For every 100 females, there were 91.8 males. For every 100 females age 18 and over, there were 88.5 males.

Source: https://en.wikipedia.org/wiki/Valparaiso,_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