Chicago Mortgage Loans

Mortgage Loan Company in Chicago

If you are looking for a Chicago mortgage lender, we are here to serve you. At Compass Mortgage, we can provide you with some of the lowest rates, and highest customer service, you will find anywhere. Our commitment to superior customer service is never ending because we want all our clients to become homeowners.

If you are in the market for a new home, want to upgrade or downsize your existing home, or are looking to refinance a current loan, there are a lot of Chicago mortgage companies that can help get you there.

So, why should you put your trust in us? First, we are a locally owned mortgage company, based in nearby Warrenville IL, and our team is the very foundation of our business. We believe every individual and family deserves our respect and loyalty when it comes to helping you achieve one of life’s best successes, owning your own home.

Achieve Your Goal of Homeownership with a Chicago Mortgage Loan

We know how important owning a home is. It is one of life’s biggest decisions. At Compass Mortgage, our mission is to ensure your goals are met, simply and quickly. Not all Chicago mortgage finance companies will be able to help you realize your dream. We work to bring you the lowest interest rates we possibly can and provide you with a stress-free home buying experience.

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What can our Chicago Mortgage Loan Experts help you with?

Buying Your First Home -You will have many questions, and we are here to answer all of them. We not only get you pre-qualified, but we can also show you all your financing options. There is a lot to know about the mortgage loan process, and why owning a home is so much better than renting.

Downsizing or Upgrading Your Home – If you are a homeowner now, there are specific reasons you may want to downsize or buy a bigger home. We can show you what your finances can do for you, and why lifestyle changes are often some of the best decisions you can make.

Refinancing – Now might be the time to invest in a refinanced loan. If you have a higher interest rate, it’s always worth checking to see if you could be saving money. Let us show you the different types of refinancing options you have, and which option will serve your needs best. We can show you the costs of refinancing, and how doing so may be in your best interests.

Our Chicago Mortgage Loan Options

Conventional Loans: Interest rates for conventional home loans are some of the lowest you will find. This type of loan is a great option for homebuyers with a stable employment history and a higher credit score. Look to our Chicago mortgage lender to find out if a conventional loan is for you.

FHA Loans: An FHA loan is a good alternative for homebuyers with less than perfect credit. Insured by the government, an FHA loan allows for a lower down payment and great interest rates.

VA Loans: A VA loan is available to military veterans or those actively serving in the armed forces. A VA loan allows you to purchase a home with no money down and enjoy lower interest rates.

ARMs: Adjustable-rate mortgages offer you several types, with 3/1, 5/1, 7/1, and 10/1 being the most common. With an ARM, the first number signifies the number of years the rate will remain fixed. Once that period is up, your interest rate can increase or decrease each year for the remaining years of the mortgage.

Our Mortgage Loan Process in Chicago

It used to be that securing a Chicago mortgage loan took weeks or months to obtain. There was generally the lengthy loan application to fill out, followed by bank approval, appraisals, inspections, and additional paperwork, all in the hopes that your loan would be approved. We also offer a cutting-edge program called the Get Committed® program which allows you to start the loan process before you find your property. This gives an offer a huge competitive advantage when in a bidding war. Check out more on this program here!

Nowadays, we pre-qualify you right away, find the perfect loan for your best interests and start the mortgage process. This is something that most Chicago mortgage lending companies struggle to offer to their clientele. From the application right on through to the closing, we are there for you every step of the way.

Our Chicago mortgage financing process includes:

  • Meeting with your loan officer, getting pre-approved and finding the right loan for you
  • Finding a home and making an offer
  • Getting your home inspection
  • Communicating with your loan officer throughout the loan process
  • Getting the appraisal done
  • All documentation is signed, sealed, and delivered with ease
  • Receive your Clear-to-close loan approval
  • Agree on a closing date
  • Sign your paperwork and move into your new home!

Make Homeownership a Reality Today with Compass Mortgage

If you are ready to buy, refinance or look into other mortgage options, let our Chicago mortgage loan experts guide you through the maze. Most, if not all, of our processes are automated, and technology speeds things up like never before.  Now is the time to find the best mortgage home loan for you and your family.

Our Chicago mortgage company is ready to let our resources and team members work for you. We can offer you dedication and professionalism, and we will do everything that we possibly can to get you into your new home as soon as possible. Contact Compass Mortgage today to secure your mortgage loan now.

Call us at (877) 793-9362 or fill out the contact form here to send us an email.

Our main office is in Warrenville, Illinois

(30 miles/50 km west of Chicago).

For a list of other locations and licensed states,

click here.

Home to a Better Mortgage Experience® and Get Committed® are registered trademarks of Compass Mortgage Inc. Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Compass Mortgage Inc. and www.compmort.com with appropriate and specific direction to the original content. NMLS# 21808 – Illinois: MB.0005795, Arizona: 0909436 (dba Compass Mortgage Lending, Inc.), California: 4131332 (dba Compass Mortgage Lending, Inc.), Colorado: 21808 (dba Compass Mortgage Lending, Inc.), Florida: MLD308 (dba Compass Mortgage Lending, Inc.), Georgia: 38332, Indiana: 11020, Iowa: MBK-2001-0104, Michigan: FR022873, Tennessee: 135374, Texas: 21808, Wisconsin: 38296BA/21808BR, Oregon: 21808, Minnesota: MN-MO-21808, Ohio: RM.804327.000, South Carolina: MLS-21808, North Carolina: 20080, Kentucky: MC763652, NMLS Consumer Access Illinois Residential Mortgage Licensee Licensed by the California Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act