Real Estate Agent · Richardson, TX · Member since 2014 · 511 posts · 161 votes
Hi everyone,
I'm wondering if anyone knows any good lenders in the Chicagoland area? I'm currently working with USbank. Based on a 718 Fico score, 95 % and 45 day pricing, They are giving me a 4.125 % with a $ 500 credit (I work for USBank).
Would I be able to get a better rate somewhere else? I don't have any debt, students loans etc. Any referrals would be greatly appreciated!
Real Estate Broker · Chicago, IL · Member since 2015 · 56 posts · 19 votes
11y
Daniel I have a lot of lenders I can refer to you but here is one local experienced broker you should contact. I am pretty sure they can get you a better rate and terms.
Rental Property Investor · Saint Charles, IL · Member since 2014 · 304 posts · 222 votes
11y
@Daniel Moctezuma
I have worked with Mike before and had great results, especially in situations that are less than perfect ( fico >720 and ltv >80%) and he might be able to help raise your score so you qualify for a better rate.
Investor · Chicago, IL · Member since 2015 · 19 posts · 3 votes
10y
@Account Closed
I know this is an older post, but I was curious how this all turned out for you, what your lender research yielded, and who you ended up going with (if you wouldn't mind sharing)?
Real Estate Agent · Richardson, TX · Member since 2014 · 511 posts · 161 votes
10y
@John Carr I ended up using my bank, however, I ended up putting 10 % down payment instead of 5 % because it was a condo. If you're buying a condo, I recommend you look closely into their financials, do some research on the board, and even ask neighbor/tenants what they think about the property management company and how often their HOA fee has been increased throughout the years.