Conventional Loans in Illinois. Conventional loans, including Fannie Mae HomeReady and Freddie Mac Home Possible, allow as little as 3% down for qualified Illinois buyers. Unlike FHA, private mortgage insurance drops off automatically once you reach 22% equity, which usually makes conventional cheaper over time for borrowers with credit above roughly 700. Jorge Flores at Neighborhood Loans, NMLS #224368, originates this product across Illinois: (708) 220-3364.
Jorge A. Flores, Senior Mortgage Loan Officer, NMLS #224368. Neighborhood Loans, NMLS #222982. Berwyn, Illinois. Telephone (708) 220-3364. Service available in English and Spanish.
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Equal Housing Lender. Neighborhood Loans is an Illinois Residential Mortgage Licensee. This is not a commitment to lend. All loans subject to credit approval; program terms, amounts and availability are subject to change.