Chicago Mortgage and Home
Loan Programs
Whether you are buying, selling, or refinancing a home in Chicago, it
is important to have an experienced mortgage professional to help you analyze
your financing options, and make sure the closing goes smoothly. We have
the expertise and experience to get you the right mortgage and to handle
your transaction professionally.
We are a mortgage banker, not a mortgage broker; this
means that we have access to top lenders’ rates and programs, and we underwrite
and close your mortgage in-house. With our experience you are sure to get
the mortgage that’s right for you.
Please remember to get us involved early in your home-buying process! Being
Pre-Approved sets the expectation for your mortgage qualification and gives
you a strong negotiating position when you find the home of your dreams.
Chicago Mortgage Programs:
Purchase and Refinance
Your Chicago Illinois mortgage banker, offers
first time home buyer, cash out refinance, Chicago jumbo loans, fha 203k,
reverse mortgages, no money down, Chicago refinance, jumbo VA loans, Freddie
Mac home possible, 100% financing, interest only, investment, my community
mortgage, jumbo loans, jumbo va loans, 2nd mortgage, Chicago FHA loans,
VA loans and rural housing loans.
Mortgage Programs
100% Financing (No Money Down) Programs
First Time Home Buyer Mortgage Programs
My Community Mortgage
Government Loans including
FHA, VA
and
Rural Housing
Refinance Programs
Mortgage Rates
About Us
Apply or
Pre-qualify Online
Contact Us
Recent Chicago mortgage posts on our blog:
Fannie Mae's New Pre-foreclosure Policy including Short Sales
April 15, 2010
After millions of short sales, foreclosures,
pre-foreclosure sales and deed-in-lieu of foreclosure,
Fannie Mae finally came out with their own set of rules
and guidelines on how to treat them in regards to loan
eligibility.
Read the rest of this
entry »
Chicago FHA
January 26, 2010Chicago FHA mortgage
loans are available to anybody but are used most often by first time home
buyers and low to moderate income buyers. FHA loans are insured through
a combination of a small upfront mortgage insurance premium (UFMIP), as
well as a small monthly mortgage insurance premium.
FHA loans in Chicago have less-stringent borrower qualifications than many
other mortgages and generally lower interest rates. They also offer significant
value to consumers because the interest rates are low with fixed monthly
payments and mortgage insurance is now tax deductible.
For more information on Chicago, Illinois FHA refinance, cash out refinance,
streamline refinance (FHA to FHA) and FHA purchase home loans please visit
our
FHA page.
Read the rest of this entry »
First Time Home Buyer Programs
November 15, 2009
As Chicago first time home buyers, we recognize
the sacrifices you make in an effort to save enough
money to not only make a down payment on a home,
but meet the total amount necessary to actually
close on your desired home loan. For instance, the
largest hurdle most first time home buyers in Chicago
face is saving the funds necessary for a down payment.
Did you know that nearly every state has a program
to help first time home buyers with the down payment.
Read the rest of
this entry »
Chicago VA mortgage
loans
April 22nd, 2009
Chicago Illinois VA mortgage loans are one of the benefits provided by our
Veterans Administration (VA). VA refinance mortgages do have some restrictions
when compared to general refinance mortgages in the marketplace but in today's
market the Chicago VA mortgage loan is a great option if you have little
to no equity in your home.
VA mortgages do not require the private mortgage insurance that is usually
necessary for loans above 80% loan to value.
Chicago VA loans also offer a refinance and cash out refinance option, in
which veterans may borrow up to 90 percent of the value of the home. These
loans also include extremely competitive rates.
Read the rest of this entry »
No Down Payment VA and FHA Loans in Chicago
June 26th, 2009
You can purchase a Chicago home with no down payment in Chicago, IL. We
offer great Chicago VA and FHA mortgage rates that can make you a homeowner
today!
Whether you are located in Chicago or any other city in
Illinois, we are here to help you obtain your no down payment VA mortgage
or small down payment FHA loan purchase or refinance at the best rate possible
in Chicago.
Read the rest of this entry »
Jumbo Loans (Non Conforming)
April 30th, 2008
Illinois jumbo mortgage loans and Wisconsin jumbo loans
are now being priced at levels above any reasonable expectation of credit
risk: they're expensive entirely because of market risk. They are defined
as those for more than $417,000, the level beyond which Fannie Mae and Freddie
Mac, the government-affiliated mortgage banks, will not lend.
The increased risk of jumbo mortgages is firstly due to
the lack of "agency" support for these loans, effectively reducing the available
pool of investors and insurers for all jumbo mortgages by an order of magnitude.
Mortgages in excess of 1 million dollars have an even smaller secondary
market of investors, and super jumbo mortgages in excess of 2 million dollars
frequently require extensive "sourcing" of private investors prior to funding
due to very minimal institutional investor coverage.
Read the rest of this entry »
|
