Sarah Herschlag
NMLS #510198
6832 Stalter Dr.
Rockford, IL 61108

Sarah's site

Sandy Federici
NMLS #510196
230 W. Monroe 2850
Chicago, IL 60606

Sandy's site

Lindsey Swanson
NMLS #942001
6832 Stalter Dr.
Rockford, IL 61108

Lindsey's site

Kristina Truax
NMLS #1203051
6832 Stalter Dr.
Rockford, IL 61108

Kristina's site

Conventional Fixed-Rate Mortgage Loans

• Great for any home buyer
• Rate is fixed over the life of the loan
• Custom terms from 10 to 30 years
• 3% to 5% minimum down payment
• Private Mortgage Insurance (PMI) required with less than 20% down
• Minimum credit score of 620
• Can use HFA Preferred™, Downpayment Plus®, and employer assistance
• Great for purchase or refinancing

FHA Fixed-Rate Mortgage Loans

• For first-time or repeat home buyers
• Rate is fixed over the life of the loan
• 3.5% minimum down payment
• 1.75% Upfront and monthly PMI required. Lower PMI with down payment of at least 10%.
• Minimum credit score of 580
• Can use HFA Preferred™, Downpayment Plus®, and employer assistance
• Insured by the Federal Housing Administration (FHA)

VA Fixed-Rate Mortgage Loans

• For eligible veterans, reservists, active-duty personnel, or surviving spouses
• Rate is fixed over the life of the loan
• Can be used multiple times
• No down payment or PMI required
• Low closing costs 
• Minimum credit score of 580
• Can use HFA Preferred™, Downpayment Plus®, and employer assistance
• Great for purchase or refinancing
• Insured by the the U.S. Department of Veterans Affairs (VA)

Jumbo Mortgage Loans

• For loan amounts over $802,650¹
• 15 and 30 year terms available
• Fixed or adjustable rate options
• Flexible down payment
• PMI required
• Low closing costs
• Owner-occupied 1-2 units
• 43% maximum debt-to-income ratio 
• 6 months of mortgage payments must be held in reserves 
• Minimum credit score of 720
• Great for purchase or refinancing

HomeReady® Mortgage Loans

• Designed to help serve today’s credit-worthy lower-income borrowers
• For first-time or repeat home buyers
• Terms between 10 and 30 years 
• Fixed or adjustable rate options 
• 3% minimum down payment
• Lower PMI required 
• Minimum credit score of 620
• Can use HFA Preferred™, Downpayment Plus®, and employer assistance
• Great for purchase or refinancing
• Homeownership education course may be required

Physician Mortgage Loans

• Available to physicians and residents with an MD, DO, DMD, DVMM, or DDS degree and an employment contract²
• 15 and 30 year terms available
• Fixed or adjustable rate options 
• No down payment² 
• No prepayment penalty
• No PMI on loans up to $1,000,000; loan amounts up to $2,000,000 available 
• Minimum credit score of 680
• 50% maximum debt-to-income ratio 
• Great for purchase or refinancing
• Primary residence only 
• Contact us for more information

USDA Fixed-Rate Mortgage Loans

• Available only in certain rural areas
• Rate is fixed over the life of the loan
• 15 or 30 year terms 
• No down payment
• Low PMI required
• Minimum credit score of 620

Portfolio Mortgage Loans

• Your loan remains with FNCU
• Great option for non-warrantable condos, prior financial struggles, and other unique situations 
• Custom terms from 10 to 30 years
• Fixed or adjustable rate options 
• 15% minimum down payment
• No PMI required 
• Flexible minimum credit score

Conventional Adjustable Rate Mortgage Loans (ARMs)

• Custom terms from 10 to 30 years
• Lower initial interest rate than most fixed-rate loans
• Rates are fixed for an initial time period such as 1, 3, 5, or 7 years. Then, rates can increase or decrease annually, tied to changes in the Index Rate
• We offer adjustment and lifetime interest-rate caps to limit the rate increase/decrease from one adjustment period to the next and which limit the rate increase over the life of the loan
• No negative amortization or pre-payment penalties
• 3% to 5% minimum down payment
• PMI required with less than 20% down
• Minimum credit score of 620 for Conventional ARM (or we have other options)
• Can use HFA Preferred™, Downpayment Plus®, and employer assistance

Bridge Loans

• Short-term loans using your home's equity to purchase your next home before your existing home has sold
• Offers you a buyer's advantage to buy the home you want, when you want it