Finding your dream home and choosing the right mortgage loan is a big decision. Whether buying your first home, purchasing a second home, or refinancing your current mortgage, our experienced Mortgage Loan Experts can help.
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The KEY to your next home is the right mortgage!
We offer all types of mortgage loans designed to fit any needs and goals. Choose your preferred loan type in the application, or meet with us in-person, video, or phone call and we'll help determine the best option for you!
Check Rates, Learn More or Apply Online
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
We offer the following types of mortgage loans:
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
Down Payment Assistance Programs
The following programs can be used in addition to your mortgage loan, and may help save you money!
Choose your preferred loan type in the application, or we'll help find the best option for you! Check Rates, Learn More or Apply Online