Best direct lender/big bank options in Chicago?

Question

Hey all -

New investor here in the early stages of securing a mortgage for a MF on the north side of Chicago. Thought I would reach out to the community and see if anyone has any recommendations for direct/big bank lenders and/or credit unions that are good to work with in the sense that they have low fees and are easy to work with. Following some research that suggested that I get pre-approved by a credit union, mortgage broker, and direct lender/big bank to see which would be the best for my circumstances and goals.

Any recommendations and/or advice would be greatly appreciated. Thanks!

Patrick Britton · Answer

whatever you do, don't use RENOVO financial.

John Warren · Answer

@Jeff Davis what kind of financing are you looking to get? FHA? Conventional? Portfolio/commercial?  That will make the biggest difference. If you are looking for an FHA, VA, or conventional, then I would talk to my guy @Joshua Jones with Loan Depot.

If you need something beyond that, then the credit unions and small local banks can be good. They will have a tight box you have to fit in, but if you fit you are good.

Jeff Davis · Answer

Thanks for the heads up @Patrick Britton!

Paul De Luca · Answer

@Jeff Davis

Shoot me a PM if you need some lender recommendations for FHA.

Kyle D Birch · Answer

Josh is the man. He made things work for me that others couldn’t. He also did it seamlessly and with lower cost.

Jeff Davis · Answer

@John Warren - Thanks for the recommendation! We are looking for FHA financing. Will take a look and learn more about Josh.

Joshua Jones · Answer

Thank you @John Warren.  @Jeff Davis What John is bringing up matters a ton. Let me know if you have have questions and you can send me a PM. Thank you

Frank Avallone II · Answer

Hi Jeff! Congratulations on the potential deal.

I would love to help you out with this! I will send you a direct message.

Best direct lender/big bank options in Chicago?

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