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CPS Teacher Housing: Home Buying

Premier Lender Partners

  A and N Mortgage Services, Inc ( www.AandNmortgage.com )

A and N Mortgage Services has been an A+ rated business by the Better Business Bureau for seven consecutive years. A and N is both a banker and a broker, they have a large range of mortgage products (see below), and they offer complimentary educational programs to members of the real estate community.  Their products include: the asset utilization loan program, conventional and jumbo loans as well as FHA & VA (FHA direct endorsers). As a Credit Union Specialist A and N can offer reduced PMI rates that are approximately 30% less than what banks can currently offer.  As a mortgage banker A and N controls the closing, loan documents, and funding for each loan, and as a broker they have access to condo financing for non-warrantable condos.  A and N's in-house marketing department hosts complimentary education seminars for both home buyers and realtors and supports local events and charities.  A and N Mortgage Services exists to serve their community. A and N Mortgage Services, Inc.  The Extraordinary. Made Ordinary.

A and N offers:
  • One-on-one Financial Counseling 
  • FHA/VA/Conventional/JUMBO Loans Available
  • FHA 203k Loans for Rehabbing Properties and Free Seminars
  • Access to grant programs and IHDA down payment assistance
  • TaxSmart approved
  • Great location off the Kennedy and Free Parking
Office Location: 1945 N. Elston, Chicago, IL 60642

Contact: Neena Vlamis at 773-305-7037 (cps@aandnmortgage.com) for availability.
Side: North, South, West, Northwest, Southwest, Southeast, Loop

  Blueleaf Lending ( www.Blueleaflending.com )


Blueleaf Lending is a boutique mortgage lending firm created to serve individuals embarking on the most significant financial decisions of their lives.    However, Boutique does not mean small!  Blueleaf Lending is a full-service lending institution with a full menu of lending products including Conventional, FHA, VA, Rehab and commercial loans, all with fully competitive rates and closing costs.  At Blueleaf, you can expect the professional expertise needed to guide you through the process delivered with the personal service that you deserve.  Please call for a no- obligation pre approval today.
  • TaxSmart Approved
  • Conventional, FHA, VA, Commercial and Property Rehab loans available
  • Reduced closing cost options available
  • Fannie/Freddie Direct seller means extremely competitive
  • rates After hour appointments available
Debra Parisian
VP of Residential Lending
1101 W. Lake Street 1st Floor
Chicago, IL  60607
312-379-8875


Contact: Debra Parisian at 312-379-8875 (dparisian@blueleaflending.com) for availability.
Side: North, South, West, Northwest, Southwest, Southeast, Loop

  Chase Home Finance ( mortgage.chase.com )

At Chase Home Finance, we're always looking for ways to help more people enjoy the rewards of home ownership. Our goal is to make buying a home a possibility for more families. Our Affordable Home Financing programs are specially designed for homebuyers who may not have a lot of cash and whose income does not exceed certain local guidelines.

More Advantages:

  • Minimal down payment and closing costs
  • Special pricing and grant opportunities may be available
  • Flexible credit guidelines, which take into consideration your
  • Outstanding debt and on-time payment history
  • Special counseling to help you plan for your financial responsibilities as a home owner

Email ladonna.k.reed@chase.com for more information. 

Contact: LaDonna K. Reed at 312-732-3990 (ladonna.k.reed@chase.com) for availability.
Side: North, South, West, Northwest, Southwest, Southeast, Loop

  Fifth Third Bank ( www.53.com )

Fifth Third is bringing the dream home for working families by offering more flexible options than ever before.  Flexible financing, flexible sources for closing costs and down payments, and flexible credit references.  With the wide range of mortgage products and initiatives available, the right mortgage can bring the dream home.    

  • Fifth Third Suite of Home Possible Mortgages: Helps working families purchase their own homes, increase their wealth and off-set housing expenses with rental income.
  • Fifth Third Good Neighbor Loan Program: Features no money down and accepts alternatives for closing costs and credit references.
  • Fifth Third Immigrant Homeownership Loan Program: Tailored to U.S. tax-paying, foreign-born residents living in the Midwest.
  • Fifth Third Homeownership Mobile: Offers customers the chance to talk to mortgage and banking officers in a rolling, internet-connected classroom.
  • Access to Down Payment Assistance Programs: Connects homebuyers with non-profit organizations that can help with down payment and closing costs.
Contact: Kelly Price at 312-274-2280 (Kelly.price@53.com) for availability.
Side: North, South, West, Northwest, Southwest, Southeast, Loop

  Guaranteed Rate ( www.guaranteedrate.com )

Guaranteed Rate was founded on the simple idea of building a mortgage company focused on serving the best interests of our customers. Our straightforward business model is structured to provide our customers with the right products, lowest rates and un-matched service. Being the largest independent and fastest growing mortgage lender in the country, Guaranteed Rate is licensed in 46 states and the District of Columbia, employees over 1,500 people and has funded $6.9 billion in mortgages in 2011 alone. While in recent years banks have made the mortgage process more cumbersome and decreased their overall lending, Guaranteed Rate has increased lending and streamlined the entire mortgage process helping growing numbers of consumers buy or refinance their homes. We continually invest in technology and employee training to simplify the entire mortgage process for our customers from application to closing. These investments yield higher productivity and faster closings which keeps customers using Guaranteed Rate for all of their mortgage needs.

Here are some of the special incentives we're offering along with niche programs:
  • Lender Fees Waived (Value of $990)
  • Fannie Mae HomePath Available
  • Tax Smart Approved
  • FHA 203K Renovation Loans: Streamline and Full
  • No Mortgage Insurance Options
Jamie Franz
Vice President of Mortgage Lending
319 W. Ontario Street
Chicago, IL 60654
312-379-3555
Jamie.franz@guaranteedrate.com
NMLS ID: 221285

Mike Nielsen
Vice President of Mortgage Lending
3940 North Ravenswood
Chicago, IL 60613
773-435-7920
Mike.nielsen@guaranteedrate.com
NMLS ID: 223614


Contact: Jamie Franz at 312-379-3555 (Jamie.franz@guaranteedrate.com) for availability.
Side: N/A

  Harris Bank ( www.harrisbank.com )

Affordable Mortgage Programs HARRIS has helped thousands of families purchase homes through our affordable mortgage programs and other financing solutions. If you are purchasing your first home, we offer special financing for teachers. Find out if one of our affordable mortgage programs benefit you. Whether you're buying your first home or your retirement dream home, it's one of the most important purchases you will ever make. HARRIS has mortgages in many shapes and sizes to fit your needs. Learn what you need to know about mortgages and how to apply.

HARRIS Bank will offer the following incentives to teachers:

  • For a teacher purchasing a home in a target area: a grant of $1,500 to help cover closing costs or down payment
  • For those with a credit score between 600 to 699: a 30-year fixed-rate mortgage with a 3% down payment
  • For those with a credit score of 700 or more: a 30-year fixed-rate mortgage with no money down
  • For those with credit scores lower than 600, special counseling and credit seervices
  • No PMI Programs available
  • Low closing cost fees
  • Take advantage of the 3% down payment - 97% Financing and NO PRIVIATE MORTGAGE INSURANCE (PMI)!
Kenneth Mylander (kenneth.mylander@harrisbank.com)
Office: 847-967-8112
Fax: 847-967-0820

Contact: Kenneth Mylander at 847-967-8112 (kenneth.mylander@harrisbank.com) for availability.
Side: North, South, West, Northwest, Southwest, Southeast, Loop

  PNC Mortgage ( www.pncmortgage.com/staceylatch )

PNC Mortgage's Homes for Heroes program celebrates the many contributions of teachers to our local neighborhoods and to our children, by providing easy-to-use information and friendly, knowledgeable loan professionals. Knowing your busy schedules, we offer our services in person, on the phone or online. Contact us for program information, a step-by-step guide to the loan process, and details about how to receive a $100 Visa gift card at closing.

Special Features:
Zero and low down payment options
Flexible sources of down payment
Flexible credit scores and low credit score minimums
Expanded qualifying ratios
Purchase/rehabilitation products available
Programs for 1-unit through 4-unit properties
Payment options to match your household's paycycle (weekly, bi-weekly, monthly)
Programs not requiring private mortgage insurance
Access to convenient, free homebuyer education and counseling

For more information, please click here: 

www.pncmortgage.com/staceylatch

Contact: Stacey Latch at (773) 298-2304 (Stacey.Latch@pncmortgage.com) for availability.
Side: North, South, West, Northwest, Southwest, Southeast, Loop

  Pacor Mortgage Corporation ( www.pacormortgage.com )
 
Pacor Mortgage Corp. has been helping homeowners since 1986.  We are licensed morgage banker with "in-house" underwriting and funding. To better serve you we have three Chicago area locations! We are an approved Chicago TaxSmart lender since 2005 and we are known for competitive rates with very low fees!  Our Mortgage Representatives can help you determine which loan is right for you! Licensed in Illinois, Wisconsin, Indiana, and Michigan.

Please contact:
Roland Gomez
Regional Sales Manager
773-881-7744 ext. 26
clientservices@pacormortgage.com
http://www.pacormortgage.com/index.php/apply-here

Contact: Roland Gomez at 773-881-7744 (clientservices@pacormortgage.com) for availability.
Side: North, South, West, Northwest, Southwest, Southeast, Loop

  Perl Mortgage, Inc. ( www.cpspartner.com )

Whether you are purchasing your first home, relocating to Chicago or current home owner, PERL is dedicated to providing all CPS employees with the financial education, purchase planning tools and market expertise to help you make intelligent choices regarding your real estate financing needs for today and in the future.  PERL offers mortgage products issued by all of the nationally recognized banks and lending institutions giving you "best in class" product choice and the lowest interest rates available in the market place for conventional, FHA, VA and Rehab loans.

PERL's partnership with CPS provides employees with:
  • 50% Discount on Lender Fees – A flat $500 fee + appraisal
  • Pre-purchase Planning Session – A comprehensive review of your goals and objectives for home buying and mortgage financing experience
  • Education on Financing Dynamics – Learn why interest rates fluctuate and what economic factors drive the market through our e-Weekly Market Updates
  • Mortgage Management Services – Mortgage Reviews, Credit Score Reviews and Market Value Reviews.
Please contact PERL Professional:

Pamela Harambasic
Mortgage Advisor
Office: 312-651-5359
pamela@perlmortgage.com
http://www.perlmortgage.com/


Contact: Pamela at 312-651-5359 (pharambasic@perlmortgage.com) for availability.
Side: North, South, West, Northwest, Southwest, Southeast, Loop

  Provident Funding ( www.provident.com )

Since 1992, Provident Funding has earned the reputation as the Mortgage Price Leader by providing the best price, service and technology to the best customers. Through the Provident Funding Mortgage Benefit Program TM, Chicago Public Schools employees are eligible to receive an additional 0.25% discount to the price of any home loan, including refinances or new home purchases! At the time of loan application, reference discount code: M00DF1179

Contact: Andrew Joyner at 1-888-547-4050 x5086 (AJoyner@provident.com) for availability.
Side: North, South, West, Northwest, Southwest, Southeast, Loop

  Wells Fargo Home Mortgage ( www.wellsfargo.com/mortgage )

As local mortgage professionals working inour community, we understand area lending guidelines and draw on our resourcesas the nation's leading retail mortgage lender. We'll work closely with you tohelp provide information so you can make informed decisions.

Contact:
Peter De Jong, Branch Manager
peter.dejong@wellsfargo.com
www.homepurchasepeter.com
773-239-1024
NMLSR ID 442532

Susan Pfeiffer, Home Mortgage Consultant
susan.l.pfeiffer@wellsfargo.com
www.wfhm.com/susan-pfeiffer
815-603-9123
NMLSR ID 419148

Maribel Guzman
Maribel.guzman@wellsfargo.com
www.wfhm.com/maribel-guzman
708-226-7411
NMLSR ID 234799
Se Habla Espanol

Contact: Shawn Howard at 708-226-7450 (shawn.howard@wellsfargo.com) for availability.
Side: North, South, West, Northwest, Southwest, Southeast, Loop

  Wintrust Mortgage Corporation ( www.Wintrustmortgage.com )

In business for nearly 30 years, with more than 70 offices in Illinois alone, Wintrust Mortgage is committed to serving the home financing needs of CPS employees and Chicagoland. Your Wintrust Mortgage Loan Officer has access to hundreds of different financial solutions; one may be the perfect one for you. It’s our stability that makes it possible for us to offer the depth of products and level of experience for our clients.
  • City of Chicago TaxSmart approved lender 
  • FHA lender with both FHA Streamline and full 203k Rehab programs available
  • Fannie Mae Homepath programs
  • IHDA Smartmove and IHDA Down Payment Assistant Programs
  • Direct Fannie and Freddie Seller

Adam McLain
Senior Loan Officer and CPS Liaison
1333 N. Kingsbury, Suite 201
Chicago, Il 60642
312-462-7712 Office Direct
amclain@wintrustmortgage.com

Jeanette Martinez
Senior Mortgage Consultant
2329 W. Belmont
Chicago, Il 60657
773-938-8210 Office Direct
jmartinez@wintrustmortgage.com


Contact: Adam McLain or Jeanette Martinez at 312-462-7712 or 773-938-8210 (amclain@wintrustmortgage.com, jmartinez@wintrustmortgage.com) for availability.
Side: North, South, West, Northwest, Southwest, Southeast, Loop