Chicago Home Purchase QualifierCongratulations! You’re ready to buy a home.

MORTGAGE HOME PURCHASE LOANS WITHOUT THE HASSLE!

Purchase Mortgage Loans in Chicago

Need financing options on a home, or other real estate? Choosing a purchase loan product that matches your goals and making sure you get the best rate for your given scenario can feel like playing whack-a-mole.

We’re here to make the home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting by seeing if you’re pre-qualified.

We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a seasoned investor.

The Home Purchase Loan Process

Here’s how our home purchase loan process works:

• Complete our simple mortgage pre-approval letter request
• Receive options based on your unique criteria and scenario
• Compare mortgage interest rates and terms
• Choose the offer that best fits your needs

DO I QUALIFY?

To qualify for a mortgage, lenders typically require that you have a debt-to-income ratio of “43/49.”

This means that no more than 43% of your total monthly income (from all sources, before taxes) can go toward your new mortgage payment, and no more than 49.99% of your monthly income can go toward your total monthly debt (including your mortgage payment).

VA and FHA loans even allow for higher debt ratios on a case by case basis, as high as 46.99%/55.99%.

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• Fixed Rates
• Adjustable Rates (ARM)
• Conventional Conforming Loans
• Jumbo & Super Jumbo Loans
• FHA Loans
• Renovation Loans
• Condo Loans
• Investor Loans
• Bank Statement Based Loans
• DSCR Based Loans
• Asset-Based Loans
• Mixed-Use (2-4 units) Loans

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The Chicago Mortgage Broker