Apply Now for a Home Loan The Callaway Bank

Full Mortgage Application

When you’re ready to apply for a home loan we will help you with it every step of the way.

Note: If you’re just looking for a rate quote or wanting a pre-qualified letter we suggest starting with our Fast Quote.

Our online mortgage application makes it easy to fill out at your own pace. We’ll walk you through each part of the application

You can apply now and have it completed in about 20 minutes. However, if you need to stop and finish it later you can whenever it’s convenient for you.

We truly appreciate your trust in us and thank you for your application. We’ll do everything we can to make your loan easy and hassle free.

If you ever have questions or concerns at any point, even after the closing, we’re just a call away. Even better, being a local community bank, you can stop by and visit with us face to face.

Lets Get Started

Step 1:

Click Apply Now and fill out the online form.

Step 2:

Once you have finished the application, click submit and your information will be reviewed.

Step 3:

A Callaway Bank lender will follow up soon to answer questions and visit with you about the rest of the process.

Thank you!

If you have a lender in mind (see below) please feel free to contact them directly.

We can also create a customized quote based on your loan details.

Your Property FAQs

How do I lock my rate?

Please contact your Callaway Bank loan officer.

How do I lock my rate?

Please contact your Callaway Bank loan officer.

Does The Callaway Bank provide financing for manufactured homes?

We define manufactured housing as housing units that are factory built with a steel undercarriage that remains as a structural component and limits the structure to a single story. These types of manufactured homes are sometimes known as mobile homes. We do not consider other factory-built housing (not built on a permanent chassis), such as modular, prefabricated, panelized, or sectional housing, to be manufactured housing. If your home is one of these types, please complete the application indicating that your home is a single family home. In order to qualify for our loan programs a manufactured home must meet the following requirements:

A manufactured home is any dwelling built on a permanent chassis and attached to a permanent foundation system.
Be a one-family dwelling that is legally classified as real property.
The towing hitch, wheels, and axles must have been removed and the home must be permanently attached to a foundation system that meets state and local codes as well as the manufacturer’s requirements.
Foundation system must be appropriate for the soil conditions for the site and meet local and state codes.
The land on which the manufactured home is situated must be owned by you. We do not provide financing for manufactured homes located on rented or leased land.
Must have been built in compliance with the Federal Manufactured Home Construction and Safety Standards that were established June 15, 1976. Generally, compliance with these standards will be evidenced by the presence of a HUD Data Plate that is affixed near the main electrical panel of the home or in another readily accessible and visible location.
Must be at least double-width, 24 feet wide, and have a minimum 600 square feet of gross living area. Must be acceptable to typical purchasers in the market area.

How long does it take for the property appraisal to be completed?

Licensed appraisers who are familiar with home values in your area perform appraisals. We order the appraisal as soon as the application deposit is paid. Generally, it takes 10-14 days before the written report is sent to us. We follow up with the appraiser to ensure that it is completed as soon as possible. If you are refinancing, and an interior inspection of the home is necessary, the appraiser should contact you to schedule a viewing appointment. If you don’t hear from the appraiser within seven days of the order date, please inform your Loan Officer. If you are purchasing a new home, the appraiser will contact the real estate agent, if you are using one, or the seller to schedule an appointment to view the home. We will promptly give you a copy of any appraisal, even if your loan does not close.

I’ve heard that some lenders require flood insurance on properties. Will you?

Federal Law requires all lenders to investigate whether or not each home they finance is in a special flood hazard area as defined by FEMA, the Federal Emergency Management Agency. The law can’t stop floods. Floods happen anytime, anywhere. But the Flood Disaster Protection Act of 1973 and the National Flood Insurance Reform Act of 1994 help to ensure that you will be protected from financial losses caused by flooding. We use a third party company who specializes in the reviewing of flood maps prepared by FEMA to determine if your home is located in a flood area. If it is, then flood insurance coverage will be required, since standard homeowner’s insurance doesn’t protect you against damages from flooding.

I’m purchasing a home, do I need a home inspection AND an appraisal?

Both a home inspection and an appraisal are designed to protect you against potential issues with your new home. Although they have totally different purposes, it makes the most sense to rely on each to help confirm that you’ve found the perfect home. The appraiser will make note of obvious construction problems such as termite damage, dry rot or leaking roofs or basements. Other obvious interior or exterior damage that could affect the salability of the property will also be reported. However, appraisers are not construction experts and won’t find or report items that are not obvious. They won’t turn on every light switch, run every faucet or inspect the attic or mechanicals. That’s where the home inspector comes in. They generally perform a detailed inspection and can educate you about possible concerns or defects with the home. Accompany the inspector during the home inspection. This is your opportunity to gain knowledge of major systems, appliances, and fixtures, learn maintenance schedules and tips, and to ask questions about the condition of the home.

Are there any special requirements for condominiums?

Since the value and marketability of condominium properties is dependent on items that don’t apply to single-family homes, there are some additional steps that must be taken to determine if condominiums meet our guidelines. One of the most important factors is determining if the project that the condominium is located in is complete. In many cases, it will be necessary for the project, or at least the phase that your unit is located in, to be complete before we can provide financing. The main reason for this is, until the project is complete, we can’t be certain that the remaining units will be of the same quality as the existing units. This could affect the marketability of your home. In addition, we’ll consider the ratio of non-owner occupied units to owner-occupied units. This could also affect future marketability since many people would prefer to live in a project that is occupied by owners rather than renters. We’ll also carefully review the appraisal to ensure that it includes comparable sales of properties within the project, as well as some from outside the project. Our experience has found that using comparable sales from both the same project as well as other projects gives us a better idea of the condominium project’s marketability. Depending on the percentage of the property’s value you’d like to finance, other items may also need to be reviewed.

Will I get a copy of the appraisal?

As soon as we receive your appraisal, we’ll update your loan with the estimated value of the home. We will review the appraisal then promptly give you a copy of any appraisal, even if your loan does not close.

What types of things will an underwriter look for when they review the appraisal?

In addition to verifying that your home’s value supports your loan request, we’ll also verify that your home is as marketable as others in the area. We’ll want to be confident that if you decide to sell your home, it will be as easy to market as other homes in the area. We certainly don’t expect that you’ll default under the terms of your loan and that a forced sale will be necessary, but as the lender, we’ll need to make sure that if a sale is necessary, it won’t be difficult to find another buyer. We’ll review the features of your home and compare them to the features of other homes in the neighborhood. For example, if your home is on a 20-acre lot, or has a large accessory building, we’ll want to make sure that there are other homes in the area on similar size lots or with similar outbuildings. It is hard to place a value on such unique features if we can’t see what other buyers are willing to pay for them. In some areas, additional acreage or outbuildings could actually be a detriment to a future sale. Finding comparable properties can be more challenging in rural areas where it is more difficult to find homes that have similar features. We’ll also make sure that the value of your home is in the same range as other homes in the area. If the value of your home is substantially more than other homes in the neighborhood, it could affect the market acceptance of the home if you decide to sell. We’ll also review the market statistics about your neighborhood. We’ll look at the time on the market for homes that have sold recently and verify that values are steady or increasing.

What is an appraisal and who completes it?

To determine the value of the property you are purchasing or refinancing, an appraisal will be required. An appraisal report is a written description and estimate of the value of the property. National standards govern not only the format for the appraisal; they also specify the appraiser’s qualifications and credentials. In addition, most states now have licensing requirements for appraisers evaluating properties located within their states. The appraiser will create a written report for us and we will promptly give you a copy, even if your loan does not close. If you’d like to review it earlier, your Loan Officer would be happy to provide it to you. Usually, the appraiser will inspect both the interior and exterior of the home. However, in some cases, only an exterior inspection will be necessary based on your financial strength and the location of the home. Exterior-only inspections usually save time and money, but if you’re purchasing a new home, your Loan Officer will contact you to determine if you’d be more comfortable with a full inspection. After the appraiser inspects the property, they will compare the qualities of your home with other homes that have sold recently in the same neighborhood. These homes are called “comparables” and play a significant role in the appraisal process. Using industry guidelines, the appraiser will try to weigh the major components of these properties (i.e., design, square footage, number of rooms, lot size, age, etc.) to the components of your home to come up with an estimated value of your home. The appraiser adjusts the price of each comparable sale (up or down) depending on how it compares (better or worse) with your property. As an additional check on the value of the property, the appraiser also estimates the replacement cost of the property. Replacement cost is determined by valuing an empty lot and estimating the cost to build a house of similar size and construction. Finally, the appraiser reduces this cost by an age factor to compensate for depreciation and deterioration. If your home is for investment purposes or is a multi-unit home, the appraiser will also consider the rental income that will be generated by the property to help determine the value. Using these three different methods, an appraiser will frequently come up with slightly different values for the property. The appraiser uses judgment and experience to reconcile these differences and then assigns a final appraised value. The comparable sales approach is the most important valuation method in the appraisal because a property is worth only what a buyer is willing to pay and a seller is willing to accept. It is not uncommon for the appraised value of a property to be exactly the same as the amount stated on your sales contract. This is not a coincidence, nor does it question the competence of the appraiser. Your purchase contract is the most valid sales transaction there is. It represents what a buyer is willing to offer for the property and what the seller is willing to accept. Only when the comparable sales differ greatly from your sales contract will the appraised value be very different.

Find more frequently asked questions

Russ Marshman

Commercial/Real Estate Lender

Fulton (Downtown)

NMLS#: 842706

Apply Now Read Bio

Russ Marshman offers over 20 years of lending experience, which he brought to The Callaway Bank in 2020. The Wisconsin native relocated from Green Bay to Marshall, MO, in 1985 before settling in Fulton in 2019. The commercial and real estate lender is driven to help people realize their dreams and enjoys the commitment to teamwork of the Bank’s lending department.

In his free time, Russ enjoys fishing, riding side-by-sides, and spending time with his family, especially his grandchildren. He also raises golden retrievers and goldendoodles.

Josh King

Commercial Lender

Fulton (Downtown)

NMLS#: 1658999

Apply Now Read Bio

Josh is a Fulton native with a skillful knack in the financial industry. With nine years in the banking industry, he has spent three of those years in lending and six in retail banking all while honing his banking and financial skills.

When he is not crunching numbers, you will find him on the golf course or engaging in a friendly game of conrhole. As an ambassador with the Callaway Chamber of commerce, Josh is deeply connected with the Fulton and Callaway communities.

He thrives in the small-town vibe where he is passionate about assisting local businesses in realizing their dreams. His commitment to his clients is unwavering and prides himself on making the loan process as smooth and stress-free as possible while building strong, everlasting relationships along the way.

Dave Toczylowski

Mortgage/Commercial Lender

Ashland

NMLS#: 2611216

Apply Now Read Bio

Dave Toczylowski has more than 15 years of lending and business development experience. He enjoys working closely with clients to find financial solutions that foster a path to encourage their success and growth.

“Working with a community bank that truly believes in and lives out its mission daily attracted me to The Callaway Bank.”
– Dave Toczylowski

A native Missourian and graduate of the University of Missouri – Columbia, he has enjoyed volunteering over the years with the United Way, Habitat for Humanity, and Missouri Stream Team. His work with Junior Achievement to inspire and prepare young leaders of tomorrow for success is especially gratifying. Toczylowski is also a member of the Walt Beumer Memorial Chapter of the National Wild Turkey Federation and the local chapter of Ducks Unlimited.

A resident of Columbia, he enjoys attending sporting events to support his nieces and nephews and spending time with family and friends. Outside of that, he also loves hunting and fishing and, on a rainy day, can often be found wrapped up in a good crime or historical novel.

Contact Dave today for your Commercial Lending needs!

Brent Martin

Mortgage/Commercial Lender

Columbia (West Broadway)

NMLS#: 2034083

Apply Now Read Bio

NMLS #2034083

Brent’s enthusiasm for helping people reach their goals is exciting to witness. His strong and honest work ethic, combined with his ability to multitask, helps him balance his family, career, and farm goals.

He loves hunting, fishing, and working on the farm with his wife and their three boys while also serving in their church and watching football.

Supporting the United Way and volunteering with Junior Achievement to teach financial literacy to our young people are two significant efforts for Brent.

Brian Hughes

Commercial/Real Estate Lender, VP

Fulton (Downtown)

NMLS#: 869059

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Brian has been with The Callaway Bank since 2006, serving previously as a Personal Banker at the Main branch and Branch Manager at the South branch. In 2012, Brian transitioned into his current role as a Commercial/Real Estate Lender at the Main bank location in Fulton.

Brian, originally from Hatton, Missouri, graduated from William Woods University with a Bachelor of Science in Business Administration. Brian chooses to give back to his community by serving on the Callaway County United Way Board. During his spare time, he enjoys spending time outdoors, hunting, competitive pistol shooting, and being with his family and friends.

Free Home Loan Quote Apply For A Home Loan

Mike Wagner

Commercial/Mortgage Lender

Columbia (Chapel Hill)

NMLS#: 541794

Apply Now

Carson Humphreys

Agriculture/Commercial Lender

Fulton (Downtown)

Apply Now Read Bio

Born and raised in Callaway County, Carson Humphreys has spent his entire life living and working in agriculture. He even resides on the same farm he grew up on located just south of Fulton, along with his wife and four sons. Such life experience provides the ag lender with valuable insight into the unique financial needs of local farmers.

After graduating from Fulton High School, Carson earned his Bachelor of Science in Animal Science from Northwest Missouri State University. He spent several years in the farm machinery industry before becoming an Ag teacher at Fulton High School. Now, the commercial lender is taking on a new adventure at The Callaway Bank to assist and work with Mid-Missouri’s agricultural community in a new way.

In his free time, the local can be found working on the farm and dedicating time to numerous agriculture and youth-focused programs — many of which impacted his life growing up. Carson proudly volunteers with the Callaway Youth Expo as a board member and a ham and bacon superintendent. He’s also the ham and bacon project leader for the 4-H club and continues to support the Fulton FFA.

Josh Stephenson

Regional Market President, SVP

Columbia (Chapel Hill)

NMLS#: 757402

Apply Now Read Bio

NMLS #757402

Josh Stephenson, President of the Boone County Market, has more than 15 years of lending experience and has been with The Callaway Bank since 2009. He received a Bachelor of Science from William Jewell College in Liberty, Missouri, and is also a graduate of The School of Banking in Springfield, Missouri. Josh is dedicated to the community he serves and is active with the Columbia Chamber of Commerce and the Lions Club. Josh coaches youth football and basketball in his spare time and farms a few hundred acres.

Lane Thebeau

Agriculture/Commercial Lender

Fulton (Downtown)

NMLS#: 2808989

Apply Now Read Bio

Lane Thebeau is an Agricultural and Commercial Lender for The Callaway Bank in Mid-Missouri. Get in touch with Lane to assist you with your lending needs today!

Russ Marshman

Commercial/Real Estate Lender

Fulton (Downtown)

NMLS#: 842706

Apply Now Read Bio

In his free time, Russ enjoys fishing, riding side-by-sides, and spending time with his family, especially his grandchildren. He also raises golden retrievers and goldendoodles.

Josh King

Commercial Lender

Fulton (Downtown)

NMLS#: 1658999

Apply Now Read Bio

Dave Toczylowski

Mortgage/Commercial Lender

Ashland

NMLS#: 2611216

Apply Now Read Bio

“Working with a community bank that truly believes in and lives out its mission daily attracted me to The Callaway Bank.”
– Dave Toczylowski

Contact Dave today for your Commercial Lending needs!

Carson Humphreys

Agriculture/Commercial Lender

Fulton (Downtown)

Apply Now Read Bio

Brent Martin

Mortgage/Commercial Lender

Columbia (West Broadway)

NMLS#: 2034083

Apply Now Read Bio

NMLS #2034083

He loves hunting, fishing, and working on the farm with his wife and their three boys while also serving in their church and watching football.

Supporting the United Way and volunteering with Junior Achievement to teach financial literacy to our young people are two significant efforts for Brent.

Josh Stephenson

Regional Market President, SVP

Columbia (Chapel Hill)

NMLS#: 757402

Apply Now Read Bio

NMLS #757402

Bob Fisher

Commercial Lender, VP

Columbia (West Broadway)

NMLS#: 757352

Apply Now Read Bio

NMLS #757352

Bob has been a Commercial Lender with The Callaway Bank since 1998. Prior to joining the bank, Bob already had 12 years of commercial lending and financial service experience. Through his years of experience, Bob has gained expertise in the areas of real estate, rental property, construction, and equipment financing. He earned his Bachelor of Science in Business Administration and Master of Business Administration, with a focus in Finance and Banking, from the University of Missouri-Columbia. Bob is also very active in the local community. He is currently serving as the treasurer and board member for the Fulton High School Senior Parents Association, as well as a board member and treasurer for the Risk Management Association, and an advisory board member for the Callaway County United Way. He has also formerly served as the president for the Risk Management Association board, former president and vice president for the Callaway County United Way, former president and vice president for the Host Lions Club in Columbia, two-time former board member and treasurer for the Voluntary Action Center, and former deacon and treasurer for the board of his church. In his spare time, Bob enjoys sports, reading, seeing a good movie, and spending time with his family.

bob.fisher@callawaybank.com

Brian Hughes

Commercial/Real Estate Lender, VP

Fulton (Downtown)

NMLS#: 869059

Apply Now Read Bio

Free Home Loan Quote Apply For A Home Loan

Lane Thebeau

Agriculture/Commercial Lender

Fulton (Downtown)

NMLS#: 2808989

Apply Now Read Bio

Lane Thebeau is an Agricultural and Commercial Lender for The Callaway Bank in Mid-Missouri. Get in touch with Lane to assist you with your lending needs today!

Don Kieffer

Commercial Lender

Columbia (Chapel Hill)

NMLS#: #2809921

Apply Now Read Bio

Don Kieffer is a Commercial Lender for The Callaway Bank in Mid-Missouri. Get in touch with Don to assist you with your lending needs today!

Mike Wagner

Commercial/Mortgage Lender

Columbia (Chapel Hill)

NMLS#: 541794

Apply Now