The Bagel Loan® by American Mortgage Corporation

The Bagel Loan® is a mortgage product from American Mortgage Corporation that can eliminate the lender and title fees most buyers pay at closing.

It was created by Stuart Rosenblum and his team, who have refined it over the years into one of the more useful options on the table for a St. Louis buyer or a homeowner refinancing.

Stuart Rosenblum

Mortgage Banker · American Mortgage Corporation

NMLS: Stuart Rosenblum #267567 · American Mortgage Corporation #226715

• 35+ years in the mortgage business
• Underwrites and funds his own loans
• Can close a file in 10 days

Meet Stuart

What Is The Bagel Loan?

Whether you are buying a home or refinancing an existing mortgage, the Bagel Loan® covers a set of standard fees that would otherwise come out of your pocket at the closing table:

• No underwriting fees
• No appraisal fees
• No title fees
• No lender fees

Those fees are covered on qualifying loans starting at $200,000, and the title-fee half depends on closing with one of American Mortgage’s participating title partners.

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Living St. Louis

What It Does Not Cover

Lender fees and title fees are only part of what shows up on a closing disclosure. A few things are not fees at all, and no loan product waives them:

• Prepaid property taxes and homeowners insurance. Money you were always going to owe, collected early into an escrow account.
• Your escrow cushion. The extra couple of months of taxes and insurance a lender holds back.
• Per-diem interest. Interest from your closing date to the end of that month.
• Your down payment. Separate from closing costs entirely.

Purchase and Refinance Benefits

Purchase Benefits

Closing costs are the part of a purchase that surprises first-time buyers most, because they land on top of a down payment that already took years to save.

Cutting the lender and title fees out changes what that number looks like:

• More toward your down payment. Money not spent on fees is money that can go into the house.
• Cash left for the move itself. Movers, a fridge, the first round of paint.
• A lower bar for a first purchase. Fewer upfront costs is often the difference between buying this year and buying next year.

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Living St. Louis

Jacob walks through the whole picture in the video above, including seller credits and builder incentives, which stack with a loan like this rather than competing with it.

Refinancing Benefits

Refinancing has its own version of the same problem: the fees are real, and rolling them into the balance quietly undoes part of what the refinance was for.

• Keep the balance where it is. Fewer fees means less to roll in.
• Cash-out options. Pull equity for a renovation or to consolidate debt.
• Worth doing more than once. American Mortgage tracks rates and gets in touch when yours is worth revisiting.

Meet Your Banker, Stuart

Stuart Rosenblum is the mortgage banker who came up with the Bagel Loan®. Our clients like working with him, and he saves them money on a regular basis.

He brings over 30 years of mortgage experience and a background as a CPA. If you want a lender who thinks about the structure of a deal rather than just quoting a rate, Stuey is your guy.

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Living St. Louis

There is more on his background, and on getting pre-approved before you start touring homes, on his profile page and on our St. Louis mortgage pre-approval guide.

Bagel Loan FAQ

Who qualifies for the Bagel Loan®?

Qualified borrowers on loans starting at $200,000, buying or refinancing. American Mortgage can walk you through the approval process and tell you where you stand.

How do I apply?

Contact American Mortgage Corporation directly. Their team handles the application and works out your eligibility.

Does it work with FHA and VA loans?

Yes. It is not a loan type of its own, so it works alongside conventional, FHA and VA financing.

Is Gateway Realty Group the lender?

No. We are a real estate brokerage. American Mortgage Corporation is a separate company and Stuart is our referral partner, not our colleague. We do not set rates, approve loans or receive a share of your mortgage.

Stuart Rosenblum NMLS #267567. American Mortgage Corporation NMLS #226715. To opt out of prescreened credit offers, visit optoutprescreen.com.