State Street's - Home Buying Information Page

Buying a home is a process that deserves it's own dedicated Question and Answer section.  For this reason we have assembled this Home Buying Information Page to assist all home buyers.

Q: Why did my Realtor or Builder refer me to State Street Mortgage?

A: A high quality Realtor or Builder knows that the key to a successful transaction means TEAMWORK with a professional mortgage specialist. Any experienced Realtor or Builder could tell you horror stories about times when a client made a poor choice of mortgage company, and ended up with big surprises at the closing table, or worse -- no closing taking place at all!

A good Realtor and Builder will form relationships with trusted individuals who have proven themselves time and time again, so that they know you will be given the excellent service that you deserve. It is important to know that your Realtor or Builder are NOT given any compensation or "kickbacks" for referring you to one of our State Street Mortgage Specialists. As mortgage professionals, we desire more referrals, both from you, your Realtor and/or your Builder.  So consider the extra motivation this provides for us to take great care with Your satisfaction!

A: This is an exhaustive question considering that every time a person enters into a home purchase, new information will always present itself.

A short answer for this question is that You (the home buyer) should surround yourself with competent professionals to ensure that all aspects of the purchase transaction are completed correctly.  Each professional should have your best interest as their goal. The mortgage specialists of State Street Mortgage should be considered essential to this equation.

Recommended reading on this subject comes from the U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) who have published a 28 page booklet titled "Buying Your Own Home - Settlement Costs and Helpful Information".

You can receive a FREE copy of this booklet by simply clicking here:

 

Buying Your Own Home (Adobe PDF version).

 

 

Also recommended is our very own "Purchase Guide" which provides a comprehensive outline of the purchase process.

 

Click the following link for your copy:

 

Purchase Guide (Adobe PDF version).

Q: What's the difference between "Pre-Qualified" and "Pre-Approved" ?

A: As a Pre-Qualified buyer you received an opinion of your ability to qualify for a mortgage. This decision is usually based on limited knowledge regarding income and monthly debt. A lender will make some quick calculations to let you know the amount of financing you may qualify for. Pre-qualifying is useful for a quick estimate of what purchase price range you may be able to afford. Please understand that a pre-qualification is not a loan guarantee! As a buyer, you still have to go through the formal approval process. Also, the pre-qualification is based on information provided to the lender - most times without formal verification. If income is exaggerated or inaccurate, or monthly payments are forgotten, the resulting pre-qualification figure will not be accurate. We invite you to visit our Loan Center Prequalification Calculator to get a sense of how much you may be able to borrow.

Pre-Approved: A pre-approval is just that - a REAL Approval from a State Street Mortgage Specialist for a specific loan amount and program. When a client wishes to be pre-approved for a mortgage loan, our specialists can easily complete this process over the telephone, or in person. With accurate income information and details about a real or hypothetical purchase (or refinance), we can submit electronically to our desktop automated underwriting system. We will have an approval with a list of specific documentation requirements.

All this with No Cost To You - Our Committed Customer!

Once a purchase contract is reached between the buyer and seller, an appraisal will be ordered. At this point the appraisal, title and homeowners insurance should be the only conditions needed to close your loan. Once the home appraises at an appropriate value, the closing should be able to take place soon after.

Q: Do I need great credit to buy a home?

A: This is a common fallacy. You don't need any specific type of credit to purchase a home or refinance an existing mortgage. We have loans for almost every type of situation; great credit, good credit, no credit, poor credit, bad credit, etc.

Don't let your credit deter you from trying to pursue your home purchase dreams. Contact one of our mortgage specialists today to explore your mortgage financing options.

If you would like to receive a FREE copy of our Credit Bureau Score and Repair Guide simply click the following link:

Credit Guide (Adobe PDF version).

A: Your home is truly your greatest shelter -- from taxes. Think of it as Uncle Sam helping you make each monthly payment.

 

In general, interest you pay on loans secured by your home (including first mortgages, second mortgages & home equity lines of credit) and property taxes are deductible.

 

Example:  Buy a home with a $135,000 30-year FHA mortgage at 7% and the interest you'll pay totals $9,406.56 in the first year plus you'll pay about $3,375 in property taxes. That doesn't sound so great, but here's what you'll save. Tax savings total $3,578.84, or $298.24 per month. That's a substantial amount! The total payment on this mortgage, taxes and insurance included, is $1,298.64. The effective after-tax payment is only $1,000.40. Doesn't that make owning a home a better proposition than trying to rent the same quality house or apartment?

 

As a homeowner you have one of two choices. First, work with your tax advisor to see how much you should adjust your withholdings so you take more money home from each paycheck. Or, you can continue as you are and get a large tax deduction each year. (Remember, the last choice means you are loaning the government money interest free.)

 

What else is deductible? "Points" paid to reduce your mortgage interest rate are treated by the IRS as prepaid interest and are deductible in the year that they occur. A little known fact - home buyers can negotiate within the Purchase Contract that the seller pay all or part of their closing costs within most loan programs. Essentially the seller could be paying the buyers mortgage Points with the buyer possibly being able to deduct this same amount from their taxes! Both the buyer and the seller can many times benefit from these types of agreements.

 

Capital Gains Information: Since May 7, 1997, federal law has greatly reduced any threat that you'll pay taxes on capital gains from the sale of your home. Couples can earn up to $500,000 in tax-free profits on the sale of their home. Single filers can earn up to $250,000 in tax-free gains. Under the new rules, the IRS expects fewer than 10,000 homes out of the more than 5 million annual homes sales will be taxable each year.

 

How do you qualify for a tax-free home sale profit? You or a spouse must have occupied the home as a primary residence for two of the past five years. If you don't meet the two-year benchmark, you may be able to deduct or prorate taxes if the move was to a new job, for health or other circumstances the IRS accepts as reasonable. (Hmmm, that's a thought.)

 

However, losses from the sale of a personal residence still can't be deducted. If you find youself in a sale situation where you may have to take a loss it may be in your best interest to rent the property out. You'll get to deduct operating expenses and take depreciation. You may get a better price later. If not, some of the loss could be taken as a business expense when you sell.

 

Consult with your State Street Mortgage Specialist as well as your tax advisor and Realtor for more specifics regarding tax issues and better ways to negotiate an advantageous win-win purchase contract.

 

A: The amount that you can borrow will depend upon your employment history, credit history, income, current savings, current debts, and the amount of down payment you are willing to make (if any). You may also be able to take advantage of special purchase programs for first-time buyers and gift or grant programs to purchase a home with a higher value. Feel free to visit our Prequalification Calculator in the Loan Center section of this website for a general idea of how much house you can afford based on general lending guidelines.

For a formal Pre-Approval please feel free to "Apply Now" via our VeriSign(TM) secure web based application . . . or simply give us a call!

We can help you determine exactly how much you can afford and have you approved as a 'cash buyer' before you even begin looking at available properties. This way, you can place a solid offer to purchase the house that says "Home."

A: The amount of cash that is necessary depends on a number of items. Generally speaking, though, you will need to supply:

Earnest Money: The deposit that is supplied when you make an offer on the house.

Down Payment: A percentage of the cost of the home that is due at settlement (any Earnest Money deposited will be deducted from the total necessary Down Payment).

Closing Costs: Costs associated with processing paperwork to purchase or refinance a house.

Homeowners Insurance Premium:  All home buyers must have a homeowners insurance policy in effect at the time of closing - this usually means that a home buyer will need to pay the entire first year's homeowners insurance premium prior to closing. 

Important: There are many programs and options that can reduce the amount necessary for homebuyers to pay out of their own pockets (ie: Gift Funds, Seller paid closing costs, etc.).

We strongly advise discussing this issue directly with one of our mortgage specialists to ensure you don't deplete what cash reserves you have just to purchase a home!

Q: What documentation do I need when I apply for a mortgage loan?

Q: What will my monthly mortgage payment include?

A: For most homeowners, the monthly mortgage payments include three separate parts:

1. Principal: Repayment on the amount borrowed.
2. Interest: Payment to the mortgage holder or end lender for the amount borrowed.
3. Taxes & Insurance: Also known as "escrow payments". Escrow payments many times include 1/12th of the annual property tax and homeowners insurance premiums. These monies are collected and placed into an escrow account on behalf of the home owner. When the tax and/or insurance bill comes due, they are paid directly from this escrow account by the mortgage servicer. This feature can be optional depending on your mortgage program. If escrows are not included in the monthly mortgage payment - the tax and insurance bills will need to be paid out-of-pocket by the homeowner when they are due.
   
   A fourth part may include:
4. Private Mortgage Insurance: Monthly payments sometimes required by the mortgage lender to maintain an insurance policy protecting the lender when the borrowed amount is over 80% of the property's purchase or appraised value.

A: Homeowners and home buyers need to understand that the homeowners insurance industry is going through drastic changes.

"Simply by not owning three medium-sized castles in Tuscany I have saved enough money in the last forty years on insurance premiums alone to buy a medium-sized castle in Tuscany."  -Ludwig Mies Van Der Rohe

Every homeowner must have homeowners insurance. In fact, mortgage financing is impossible without a homeowners policy in effect. However, it is increasingly expensive and consumers must be extremely careful as they may find themselves or their properties uninsurable!

 

We have authored a Special Report titled "Understanding the Homeowners Insurance Puzzle" 

 

You can receive a FREE copy of this report by simply clicking here:

 

Homeowners Insurance Puzzle (Adobe PDF version).

Q: Why should I use a Realtor?

A: Real Estate transactions involve one of the biggest financial investments most people experience in their lifetime. Transactions today usually exceed $100,000. If you had a $100,000 income tax problem, would you attempt to deal with it without the help of a CPA? If you had a $100,000 legal question, would you deal with it without the help of an attorney? Considering the small upside cost and the large downside risk, it just makes sense to use a professional Realtor when entering into a real estate transaction.

The Realtor's commission is not paid by the buyer, but by the seller of the home being purchased, and it is in each party's best interest to have professional representation. As a seller, having an experienced Realtor market and sell your home generally maximizes profits. As a buyer you can be assured you are paying the right price for the home that meets all of your needs and desires.

Q: What if I don't have a Realtor that I'm using now?

A: Choosing the right Realtor is a very important part of having a successful home buying or selling experience. Our State Street Mortgage team works with a select network of ethical and experienced Realtors, who have the best interest of our customers as their goal and a proven track record of satisfied clients.

Please let us know what your needs are, and we would be happy to recommend a high quality Realtor that matches your requirements and preferences ... or, feel free to visit the Resources section of our web site for a complete list of recommended Realtors.

Q: What information would be helpful when looking for a home to purchase?

A:  A home buying consultation with a recommended Realtor should precede looking at available homes or new construction builders.  It is truly beneficial to have a general idea of what type of home you would like, what amenities you desire and what needs you have prior to this consultation.

Filling out a home buying wish list is generally the first step to organizing your home buying needs and wants.   

Please click below for your home buying wish list:

 Home Buying Wish List (Adobe PDF version).

Once your Realtor has a better understanding of what type of home would best meet your goals - it is time to look at actual homes.  Generally speaking, home buyers look at several homes within a short period of time with their Realtor.  Although the Realtor will provide an MLS property data sheet for all homes toured, it is a good idea that the home buyer take some personal notes on each property for later review.  These notes will assist you in making good decisions regarding which homes you may wish to seriously consider for purchase.

The use of a home buying checklist while walking through potential homes is highly recommended.   

Please click below for your home buying checklist:

Home Buying Checklist (Adobe PDF version).

Q: How do I buy a "Foreclosed Home"?

A: In Illinois, and many other states, a foreclosure home is the direct result of a winding legal process where homes eventually end up at auction. Ordinary homebuyers usually don't -- and shouldn't -- compete with professional investors bidding at auction, where homes are bought with cash.

However, not all homes are snapped up at auction. Many of these homes remain as "real estate owned" (REO) of the lending company that services the original mortgage. These lenders typically hire a real estate broker to find buyers for their REO inventory.

The typical homebuyer encounters a foreclosed home just as he or she would any other house, guided to the property by a real estate agent.

More Internet-savvy buyers, however, are using Web sites listing foreclosed properties, homes that haven't reached auction or homes that are in a "pre-foreclosure" stage. Often, visitors to these Web sites are referred to a local real estate agent. In pre-foreclosures, sometimes a buyer is allowed to satisfy the delinquent debt and assume the balance of the mortgage. These arrangements are usually made through negotiations with the homeowner, who then negotiates with the lender. It is important to note that existing mortgage assumption is an increasingly rare situation. Most REO lenders require new financing to pay-off the existing mortgage balance owed.

Some financing savings are available to buyers of foreclosed homes with mortgages insured by the FHA. These properties are held by the U.S. Department of Housing and Urban Development (HUD). When buyers of HUD-owned foreclosures also use an FHA loan to buy, FHA will pay up to 5 percent of the sales price toward home inspections, financing and closing costs, in addition to a real estate commission of up to 5 percent of the sales price. Also, because FHA obtains an appraisal when a property is conveyed to HUD after foreclosure, FHA makes the appraisal available to the buyer, further reducing costs.

However, it is important to note that borrowers often can't use a standard FHA mortgage to buy a foreclosed home, because HUD requires homes to meet certain standards and vacant foreclosed homes may not pass the required FHA inspection without repairs being made to the property.

Additionally, mortgage lenders may not want to provide any mortgage for a distressed property unless the borrower makes a substantial down payment.

Solution:  If borrowers are cash-pinched, there are special mortgages that advance funds for the purchase and renovation. For instance, there's an FHA 203k loan that provides borrowers money in an escrow for repairs, as well as money to buy the home. Other loans allowing borrowers money for purchase and simultaneous fix-up are available from a variety of sources such as Rural Development, Fannie Mae or other available "Home Renovation" programs.

State Street Mortgage Specialists have a great deal of experience in providing purchase mortgage financing for all types of homes - including foreclosure properties. Contact one of our specialists to review your options in obtaining a foreclosure home.

 

Q: What is a Contract for Deed or a Land Contract?

A: A person that desires to purchase a home, that for one reason or another cannot obtain mortgage financing, may want to consider a Contract for Deed (otherwise known as a Land Contract) purchase. This is where the buyer agrees to purchase the home at an agreed upon sale price and down payment. The buyer then makes monthly payments to the Seller with a stipulated term, rate of interest and date of final payment where the Contract for Deed must be paid in full or a balloon payment is due.

There are critical things that both a buyer and seller must consider prior to entering into such a transaction. We have outlined these points in our report titled "Rights and Obligations of Contract for Deed (or Land Contract) Home Buyers." 

You can receive a FREE copy of this report by simply clicking here:

Contract for Deed (Adobe PDF version).

Q: What Home Improvements will best increase the value of my home?

A: Whether you are considering home improvements on your existing home or you are looking for a new home that may need some post-purchase improvements, it is important to understand that all home improvements are not created equal when it comes to dollar spent for dollar recouped in the form of increased home value.

"It is not how much one makes but to what purpose one spends."  -John Ruskin

As an example, many homeowners spend many thousands of dollars finishing basements for additional living space. Unfortunately only 15% of the money spent may actually show-up as an increase in the value of the property when it comes time for resale.

For a better understanding of home improvement payback, State Street Mortgage has authored a basic guide called "Which Improvements Pay Back" that outlines the more popular home improvement projects and the possible return these projects will have on the property's resale value.

Please click below for a FREE copy of this report:

Q: When should I consider Refinancing?

A: The old rule of thumb was you should refinance only if you could lower your rate of interest by at least 1%, but this is no longer the case.

"The best way to save money is not to lose it." -Les Williams

Many different individual factors need to be analyzed to determine if refinancing is right for you - such as the length of time you intend to stay in your home, the type of loan you currently hold and/or the overall monthly savings you could realize as the result of a refinance or consolidation of existing debts.

Simply give us a call.  Our Team of Mortgage Specialists are more than happy to assist you in making sound financial decisions for your particular situation.

 

Want to hear what past customers are saying?! 

Click here for: Testimonials

State Street Mortgage is an Illinois Residential Mortgage Licensee, a direct mortgage lender, a HUD FHA approved lending institution, a Mortgage Broker and a professional member of the National Association of Mortgage Brokers, the Illinois Association of Mortgage Brokers, the DeKalb Area Association of Realtors, the Sycamore Chamber of Commerce, the DeKalb Chamber of Commerce and the DeKalb County Building and Development Association. State Street Mortgage professionals provide purchase, refinance and debt consolidation mortgage loan financing in the following areas: Dekalb Sycamore Cortland Maple Park Malta Genoa Kirkland Elburn Burlington Kingston De Kalb McHenry Boone Huntley Cherry Valley Rockford Winnebago Belvidere housing markets. We also lend mortgage money to borrowers and home owners in Elgin South Elgin Sleepy Hollow Carpentersville Crystal Lake Kane Saint Charles Geneva St. Charles Batavia North Aurora Sugar Grove Maple Park Dupage Will Du Page Yorkville Oswego Plainfield Sandwich Kendall Naperville Winfield Wheaton Downers Grove areas with purchase and refinance mortgages. A real estate business consultant for Realtors, Builders, Contractors, Buyers, Home Owners, Borrowers, Consumers, Brokers and Service Professionals seeking customer referral sources. Our expertise of De Kalb Sycamore Northern Illinois Realtor business with mortgage financing makes State Street Mortgage the consultant you want. We also provide mortgage loans and mortgage financing for Maple Park Elburn Aurora Geneva Batavia Glenview Evanston Huntley Big Rock Hinckley Waterman Shabbona Kaneville Plainfield Yorkville and Oswego with Purchase Refinance Debt Consolidation loans and other mortgage resources. Sycamore Dekalb Cortland Kane Winnebago Du Page Kendall Montgomery Malta Rochelle Dixon Oregon Ogle Byron Rockford Winnebago Boone Mchenry mortgage bank lending is our specialty. As a source of residential new construction and existing housing mortgage money in Marengo Crystal Lake Huntley Genoa Kingston Kirkland Clare Burlington Gilberts Wasco Wayne Maple Park Joliet Will Dupage Kendall Dekalb Cook Oregon Byron Cherry Valley Loves Park Winnebago and Boone County with wholesale bank money supplies we strive for quality for our mortgage customers. We also serve the Waterman Shabbona Hinckley Big Rock Sugar Grove Montgomery Aurora Kaneville Elburn Batavia Geneva St. Charles De Kalb Sycamore Cortland Dixon Oregon areas with mortgage loan programs. Prestamista De Hipoteca. Corredor De Hipoteca. Hablamos Español. El español está disponible. Si Habla En Español. Latino. Recepción del americano mejicano y central. Prestamos para casas de Illinois MiCasaPrestamos .com . We offer mortgage lending products in the following categories: Purchase, Buy, Sell, New Construction, End Loans, Bridge Loans, One Loan, One Mortgage, New Home, Refinance, Refinances, Refinancing, Streamline Refinance, Customized Refinance, Home Improvement, Cash-out, Cash Out, Cashout, Reduce Time, Reduce Paperwork, Easy, Mortgages, Morgages, Fixed Rate, Adjustable Rate, Adjustible Rate, ARM, Balloon, First Mortgage, Second Mortgage, 1st Mortgage, 2nd Mortgage, Home Equity, Home Equity Line of Credit, HELOC, No Closing Costs, No Cost, 0 Point, No Points, No Fee, No Fees, Money, Fast, Quick, Easy Money, Best Mortgage, Best Rate, Lowest Rate, Professional, Trustworthy, Trust, Recommended, Referred, Preferred, Specialist, Conventional, Conforming, Fannie Mae, FNMA, Freddie Mac, FHLMC, Non-Conforming, Nonconforming, Stated Income, Interest Only, Wholesale, Specialty Mortgage, Specialty Mortgages, Government, Gift Funds, Nehemiah, Grant Program, Jumbo, Purchase Gift Money, Gift Money, 100%, 125%, Investment Property, Investment, Property, Accelerated Mortgage Payments, Bi-Weekly Mortgage, Bi-Weekly Mortgages, Principle Reduction, Interest Savings, Savings, Federal Housing Administration, FHA, Department of Veteran Affairs, VA, United States Department of Agriculture, Rural Development, RD, Illinois Housing Development Authority, IHDA, First-Time Buyer, First Time Buyer, Equity, Higher Risk, Borrower, Home Owner, Rentor, Renter, Personal Debt, Debt Reduction, Money Saving, Customized Loan Program, Customized Mortgage, Custom Mortgage, Installment Loan, Installment Loans, Credit Cards, Monthly Savings, Non-Owner Occupied, Owner Occupied, Single Family Residence, Single Family, Single Family Home, Single Family Homes, Single Family Residence, SFR, Multi-Unit, Multiunit, Multi Units, 2 Flat, Two Flat, 2 Unit, Two Unit, 3 Flat, Three Flat, Three Unit, 3 Unit, 4 Flat, Four Flat, Four Unit, 4 Unit, Condominiums, Condo, Condos, Townhomes, Townhome, Town Home, Farmettes, Manufactured Homes, Mobile Homes, Mobile Home, Second Homes, Vacation Homes, Student Homes, Student Housing, Investment, Property Investment, Rental Investment, Rental Income, Income Property, Mixed-Use, Mixed Use Property, Down Payment, No Down Payment, Down-Payment, No Down-Payment, Turn-Downs, Bank Turn-Downs, Turned Down, Turn Downs, Bank Turn Down, Bank Turn Downs, Land Contract, Private Mortgage, Mortgage Broker, Mortgage Banker, Mortgage Lender, Extra Money, Pay-Off, Payoff, Pay Off, Free, Computer Analysis, Credit, Credit History, Excellent Credit, Damaged Credit, Good Credit, Bankruptcy, Bankrupcies, Bankruptcies, Foreclosure, Foreclosures, Bad Credit, No Credit, Problem Credit. We provide purchase mortgage programs for the following real estate companies and professional Realtors: Century 21, Century21, C21, Coldwell Banker, Caldwell Banker, Heartland Realty, Richoz Sullivan Real Estate, ERA, REMAX, Re Max, RE/Max, Blackorby Smith Realty, Coleman Land Company, Southmoor Estates, McCabe Realty, Elm Street Realty, Signature Real Estate, Hometown Realty, Home Town Realty, Adolf Miller Realty, Betsy Smith Realtors, Elsner Realty, Primus Realty, Elite Realtors, Elm Street Realtors, Kettley Realtors, Kettley and Company, GMAC Real Estate, Prairiefield Realty, Prairie Field Realty, Re/max Gold, Remax Gold, Bearrows Real Estate, Barrows Real Estate, Area Realty, Country North, New Heritage, Watson Real Estate, May Realty, DeKalb Land Company, De Kalb Land Company, Dickerson and Nieman Realtors, Dickerson and Neiman Realtors, DeKalb Realty, De Kalb Realty, Elmer Larson, Excels Realty, Hayden Real Estate, Hoffman Realty, Janet Johnson Realty, Miller Real Estate, Milner and Associates, Pittsley Realty, Residential Brokerage, Remax Classic, Sycamore Realty, Whitehead Realtors, White Head Realty, Guio Realty, Margy Hill, Lynn Brown, Kelly Miller, Susie Allen, Carol Boesche, Jim Coleman, Sylvia DeMarco, Sue Elsner, Nedra Ericson, Nedra Ericson-Huntress, Vickie Foster, Patt Gjonola, Linda Hudgens, Kate Lalowski-Morsch, Kate Lalowski, Katie Lalowski, Terri Pourahmadi, Ruth Ranieri, Mary Short, Patty Hamer, Beth Einsele, Nancy Marshall, Diane Hammon, Nancy Watson, Homes By Nancy Watson, Linda Swenson, Denise Weinmann. We provide mortgage loans for the following new home builders and contractors: Kennedy Homes, Brian Grainger Construction, Ivan Krpan Construction, Communities for Living by Del Webb, Dell Webb, delwebb .com, Milan Krpan, Neumann Homes, Newman Homes, Neuman Homes, Krughoff Home Builders, Prestige Home Builders, Rapps Construction, Ken Nelson Construction, Rood Construction, Swedberg & Associates, Ericson Builders, Russ Smith Construction, Sharp Carpentry, Shepard Construction, Tom Taylor Construction, John L. Castle Builders, Castle Builders, John Clare Ltd, Weydert Homes, Pappas, B&B Development, B&B Enterprises, Dekalb Associates, Town and Country Builders, Family Homes, SWI Construction, Anthony Homes, Ackland Carpentry, All American Homes, American Homes, Eagle Homes, Parrilli Builders, Premier Home, Woolbright Custom Homes, Massier Construction, Broidy Construction, Briody Construction, Irving Construction, L & S of Dekalb, Summit Homes, Joe Heyob Construction, Frank Casper Construction, Wisemann Hughes Enterprises, Johnson Kelly Builders, Construx of Illinois, Dahlko LLC, Stratton Construction, eWorldLinx. We finance residential properties in new neighborhoods in DeKalb County Illinois: Blackberry Creek, Heron Creek, The Knolls at Prarie Creek, The Bridges of River Mist, Bridges of RiverMist, The Gardens of River Mist, Landahl North, Townsend Woods, Krpan’s Parkside Estates, Park Side Estates, Reston Ponds, Wineberry Townhomes, Heatherstone, Heather Stone, The Summit Enclaves, Kensington Pointe, Devonaire Farms, South Pointe Greens, South Pointe, SouthPointe, Hickory Ridge, River Oaks, River Bend, Willow Glenn, Willow Glen. We finance homes that have other service providers including: Theisen Roofing and Siding, All Pro Plumbing, Arrow Exteriors, Community Drywall, Elliott and Wood, Enterprise Plumbing, Erickson Masonry, Hill Heating and Air Conditioning, Hvarre Painting, J.E.D. Insulation, Kallal's Sheet Metal, Mascal Electric, Residential Roofing, Roland Plumbing, Ryan Incorporated Central, Sipes and Sons, Summit Stairs, Sunshine Lighting, Sycamore Electrical Service, Tim Koonce Cement Contractor, Total Lawn Care, Wendler Engineering and Survey, William E. Hanna Surveyors, Alexander Lumber, Arrow Exteriors, Midwest Concrete Cutting, Andco Kitchen and Baths, Andersen Windows, Aucutt's Brick, Barker Building Supply, Carpetland, Culligan Water Conditioning, Delano's Home Decorating, Fireplace Specialists, Floor to Ceiling, Illini Security Systems, Interlocking Pavers, Lowes, Menards, Midwest Siding, Midwest Window, Newby Pool and Spa, Pella Windows, Prestige Millwork, Rock Valley Brick & Supply, Menards, Home Depot, Lowes and Stock Lumber. We work with local banks as well as national banks and lenders including: Castle Bank Mortgage, Resource Bank Mortgage, Associated Banc Corp, American National Bank of DeKalb County, American National Bank, Citifinancial, Citibank, Citi Financial, First Farm Credit Services, 1st Farm Credit Services, American Mortgage, American Home Mortgage, Blackhawk State Bank, Citizens Bank, Citizens First National Bank, Farmers & Traders State Bank, New Millennium Mortgage, First Federal, Holcomb State Bank, Kane County Bank, Lincoln State Bank, Mt. Morris Savings and Loan, Rock River Bank, Associated Bank, Illinois Community Credit Union, Illinois Credit Union, National Bank and Trust, The National Bank and Trust of Sycamore, NB&T, NABATCO, American General, LNB National Bank Mortgage, National City Mortgage, Maple Park Mortgage, Old Second Bancorp, Old Second, The Belvidere Bank, First National Bank, FNB, Stillman Bank, Waterman State Bank, GMAC Mortgage, TCF Bank, Primerica, Edward Jones, Charles Schwab Mortgage, Hartland Mortgage, Simplicity Mortgage, Source One Mortgage, Source 1 Mortgage, Cendant Mortgage, Century 21 Mortgage, Coldwell Banker Mortgage, Countrywide Home Loans, Country Wide Mortgage, Pat Hermann Mortgage, Mortgage Express, Lending Tree .com, Ditech .com, Rural Development, USDA, FHA, HUD, Partners In Charity, ABN AMRO, Lasalle Bank, First Horizon Home Loan, Chase, Fifth Third Bank, 5/3 Bank, 5 3 Bank, 5th 3rd Bank, First Home Mortgage, 1st Home Mortgage, Bank America, Bank of America, Washington Mutual, Wells Fargo, New American, Bank One, New Century, First Franklin, Decision One, Option One, USbank, US Bank, Bank Financial, Bestrate .com, 1st Nationwide, National Mortgage, Cole Taylor Bank, GreenPoint Mortgage, Green Point Mortgage, Source One, EquiFirst, First Guaranty, American National Home Mortgage, Alliance Funding, Aames Home Loan. We work with other real estate professionals including: Appraisers, Appraisors, Appraisals, Appraisal, Home Team Inspection, Toby Petrie Professional Home Inspection, Brick Kickers Home Inspection Services, American Title, Chicago Title, Law Title, Lawyers Title, Attorneys Title, Ticor Title, Stewart Title, Rockford Title, Fox Title Insurance, Home Owners Insurance, Country Companies Insurance and Investment Services, Home Insurance, Mortgage Insurance, Real Estate Attorney, Attorney's, Cebula and Groark, Thomas L. Doherty and Associates, Richard Schmack, Mary Petruchius, Law Offices of Schmack and Petruchius. See our advertisements in The Daily Chronicle, DeKalb Chronicle, The Midweek, The Kane County Chronicle, the Yellow Pages, HomePages, Home Pages, McLeod USA, Yellow Book and Verizon Directory Yellow Pages in the business listings.