Lending Solutions
Mortgage Loans

Buying a new home, building your dream house or refinancing your existing loan? Our mortgage loan officers are here to help. We realize that purchasing a home may be the most significant financial commitment you’ll ever make, so we stick by your side every step of the way --- from loan application to loan closing.

Types of Mortgages

Fixed Rate Loans

  • Your interest rate is fixed for the life of your loan, allowing you to lock in your interest rate and not be subject to changing market conditions.

Variable Rate Loans

  • Your interest rate regularly adjusts to current market interest rates to assure that your loan is competitively priced.

Multi-Year Balloon Loans

  • You can fix the initial rate on your loan from one to five years, after which time the rate will adjust.

Construction Loans

  • A balloon loan in which you’re pre-approved for a specified amount and draw upon funds as needed.
  • Your monthly payments vary and are based on interest charged on the balance of your loan.
  • When your home is complete, you are eligible to refinance into one of the monthly payment mortgages listed above.

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USDA Rural Development Guaranteed Loans

  • Long term fixed rate financing with little or no down-payment requirements.
  • Available to qualified moderate to low income applicants

Down-Payment Plus

  • A program focused on providing financial assistance to qualified low income home buyers in Illinois who need help in meeting the down-payment requirements and closing costs associated with buying a home
  • Down-Payment Plus grants are funded by the Federal Home Loan Bank of Chicago
  • To qualify for grant consideration, your annual household income must be 80% or less than the area median family income, adjusted for family size.