Home Loan Programs

Conventional Loans

Conventional Loans are mortgage loans that are not insured by the government (like FHA, VA, USDA Loans), but they typically meet the lending guidelines that have been set by Fannie Mae or Freddie Mac. Typically, conventional loans have better rates, terms and/or lower fees than other types of loans. However, conventional loans typically require a borrower to have good-to-excellent credit, reasonable amounts of monthly debt obligations, a down payment of 5-20% and reliable monthly income. Conventional loans are ideal for borrowers with excellent credit and at least a 5% down payment.

FHA Loans

It's easy to understand why many people looking for a new home are turning to FHA insured loan programs. Because FHA Loans are insured by the Federal Housing Administration homebuyers have an easier time qualifying for a mortgage. Those who typically benefit most by an FHA loan are first-time home buyers and those who have less than perfect credit.

USDA Loans

A USDA Loan is a mortgage loan that is insured by the US Department of Agriculture and available to qualified individuals who are purchasing or refinancing their home loan in an area that is not considered a major metropolitan area by USDA.

VA Loans

A VA loan is a mortgage loan guaranteed by the U.S. Department of Veteran Affairs (VA) that is available to most US service members. It offers some very great benefits to those that have served our country.

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(847) 805-1818

3808 Sterling Road Downers Grove, IL 60515

FL — Florida Mortgage Broker License - Florida License #MBR1858

IL — Illinois Residential Mortgage Licensee#MB.0006392 – Regulator: Department of Financial and Professional Regulation, Division of Banking, Bureau of Residential Finance - 555 W Monroe Street,5th Floor, Chicago, IL 60661.General Inquiries: 1-888-473-4858 TYY: 1-866-325-4949.Website: www.idfpr.com. State of Illinois Community Reinvestment Notice - The Department of Financial and Professional Regulation (Department) evaluates our performance in meeting the financial services needs of this community, including the needs of low-income to moderate-income households. The Department takes this evaluation into account when deciding on certain applications submitted by us for approval by the Department. Your involvement is encouraged. You may obtain a copy of our evaluation. You may also submit signed, written comments about our performance in meeting community financial services needs to the Department. Regulator: Illinois Department of Financial and Professional Regulation Division of Banking, Bureau of Residential Finance 555 W. Monroe Street, 5th Floor. Chicago, IL 60661 General Inquiries: 1-888-473-4858 TYY: 1-866-325-4949 Website:www.idfpr.com

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