1st Eagle Mortgage and Loan Company in Chicago Northfield Illinois

Purchase Programs

Federal Housing Administration (FHA)
An FHA loan is a mortgage that’s insured by the Federal Housing Administration and is appealing to first-time home-buyers because of flexible down payment and credit score requirements.

Program Features:

  • Low closing costs
  • The money for the down payment can be a gift
  • Parent or family member can help to income qualify
  • 1 to 4 unit property as long as it’s owner occupied
  • OK 2 years after a bankruptcy
  • OK 3 years after a foreclosure or short sale
  • A minimum down payment of 3.5% with a credit score of 580 or higher
  • 10% down payment with a credit score between 500 and 579

Veterans Administration (VA Loan)

This is a great loan for anyone with military service including the reserves.

Program Features:

  • No down payment
  • No mortgage insurance
  • Higher debt to income which means veterans with moderate incomes are often eligible
  • 1-4 unit property as long as 1 unit is owner occupied
  • No 2nd homes or investment properties

Fixed Rate

A fixed-rate mortgage is a mortgage loan that has a fixed interest rate for the entire term of the loan.

Program Features:

  • Interest rate that remains the same throughout the life of the loan
  • Monthly payments remain constant over the life of the loan
  • 1st Eagle Mortgage offers fixed rate mortgages with terms of from 8 to 30 years
  • 500 minimum credit score for FHA and VA
  • 620 minimum credit score for conventional mortgages (up to $453,099)
  • 660 minimum credit score for Jumbo mortgages (over $453,100)

Adjustable

Adjustable Rate Mortgages (ARMs) are loans where the interest rate is fixed for a certain number of years (such as 5, 7, or 10) and then recalculated on a yearly basis depending on market rates. After the fixed period, monthly payments may be higher or lower depending upon the current interest rate.

Program Features:

  • ARMs generally have lower rates than the traditional fixed rate mortgages
  • They make sense if you’re planning to move in 7 years or less
  • 500 minimum credit score for FHA and VA
  • 620 minimum credit score for conventional mortgages (up to $453,099)
  • 660 minimum credit score for Jumbo mortgages (over $453,100)

Jumbo

A Jumbo, or non-conforming loan, refers to any home loan that is greater than $453,100. Jumbo loans have similar features to fixed and adjustable rate programs. The biggest difference between a jumbo loan and a traditional loan is the interest rate – since jumbos are not guaranteed by Fannie Mae or Freddie Mac, they are considered a higher risk for lenders, and they may have a higher rate.

Program Features:

  • Generally a credit score of 700 is required to get the best rates

  • ilm_sync_report3: 1
  • ilm_links_inbound_internal_count: 10
  • ilm_links_inbound_internal_count_data: a:10:{i:0;O:14:"Ilm_Model_Link":9:{s:7:"link_id";i:0;s:3:"url";s:47:"https://1steaglemortgage.com/purchase-programs/";s:4:"host";s:20:"1steaglemortgage.com";s:8:"internal";b:1;s:4:"post";O:14:"Ilm_Model_Post":11:{s:2:"id";s:2:"22";s:5:"title";N;s:4:"type";s:4:"post";s:6:"status";N;s:7:"content";N;s:5:"links";N;s:4:"slug";N;s:6:"clicks";N;s:8:"position";N;s:15:"page_importance";s:0:"";s:9:"itemOrder";i:0;}s:6:"anchor";s:9:"new loans";s:15:"added_by_plugin";b:0;s:8:"location";s:7:"content";s:9:"link_mark";s:0:"";}i:1;O:14:"Ilm_Model_Link":9:{s:7:"link_id";i:0;s:3:"url";s:47:"https://1steaglemortgage.com/purchase-programs/";s:4:"host";s:20:"1steaglemortgage.com";s:8:"internal";b:1;s:4:"post";O:14:"Ilm_Model_Post":11:{s:2:"id";s:1:"4";s:5:"title";N;s:4:"type";s:4:"post";s:6:"status";N;s:7:"content";N;s:5:"links";N;s:4:"slug";N;s:6:"clicks";N;s:8:"position";N;s:15:"page_importance";s:0:"";s:9:"itemOrder";i:0;}s:6:"anchor";s:24:"First-Time Home Purchase";s:15:"added_by_plugin";b:0;s:8:"location";s:7:"content";s:9:"link_mark";s:0:"";}i:2;O:14:"Ilm_Model_Link":9:{s:7:"link_id";i:0;s:3:"url";s:47:"https://1steaglemortgage.com/purchase-programs/";s:4:"host";s:20:"1steaglemortgage.com";s:8:"internal";b:1;s:4:"post";r:28;s:6:"anchor";s:33:"Purchase & Refinance Programs";s:15:"added_by_plugin";b:0;s:8:"location";s:7:"content";s:9:"link_mark";s:0:"";}i:3;O:14:"Ilm_Model_Link":9:{s:7:"link_id";i:0;s:3:"url";s:47:"https://1steaglemortgage.com/purchase-programs/";s:4:"host";s:20:"1steaglemortgage.com";s:8:"internal";b:1;s:4:"post";O:14:"Ilm_Model_Post":11:{s:2:"id";s:3:"887";s:5:"title";N;s:4:"type";s:4:"post";s:6:"status";N;s:7:"content";N;s:5:"links";N;s:4:"slug";N;s:6:"clicks";N;s:8:"position";N;s:15:"page_importance";s:0:"";s:9:"itemOrder";i:0;}s:6:"anchor";s:17:"visit our website";s:15:"added_by_plugin";b:0;s:8:"location";s:7:"content";s:9:"link_mark";s:0:"";}i:4;O:14:"Ilm_Model_Link":9:{s:7:"link_id";i:0;s:3:"url";s:47:"https://1steaglemortgage.com/purchase-programs/";s:4:"host";s:20:"1steaglemortgage.com";s:8:"internal";b:1;s:4:"post";O:14:"Ilm_Model_Post":11:{s:2:"id";s:2:"54";s:5:"title";N;s:4:"type";s:4:"post";s:6:"status";N;s:7:"content";N;s:5:"links";N;s:4:"slug";N;s:6:"clicks";N;s:8:"position";N;s:15:"page_importance";s:0:"";s:9:"itemOrder";i:0;}s:6:"anchor";s:17:"Purchase Programs";s:15:"added_by_plugin";b:0;s:8:"location";s:7:"content";s:9:"link_mark";s:0:"";}i:5;O:14:"Ilm_Model_Link":9:{s:7:"link_id";i:0;s:3:"url";s:47:"https://1steaglemortgage.com/purchase-programs/";s:4:"host";s:20:"1steaglemortgage.com";s:8:"internal";b:1;s:4:"post";O:14:"Ilm_Model_Post":11:{s:2:"id";s:3:"877";s:5:"title";N;s:4:"type";s:4:"post";s:6:"status";N;s:7:"content";N;s:5:"links";N;s:4:"slug";N;s:6:"clicks";N;s:8:"position";N;s:15:"page_importance";s:0:"";s:9:"itemOrder";i:0;}s:6:"anchor";s:18:"1st Eagle Mortgage";s:15:"added_by_plugin";b:0;s:8:"location";s:7:"content";s:9:"link_mark";s:0:"";}i:6;O:14:"Ilm_Model_Link":9:{s:7:"link_id";i:0;s:3:"url";s:47:"https://1steaglemortgage.com/purchase-programs/";s:4:"host";s:20:"1steaglemortgage.com";s:8:"internal";b:1;s:4:"post";r:101;s:6:"anchor";s:18:"visit our website.";s:15:"added_by_plugin";b:0;s:8:"location";s:7:"content";s:9:"link_mark";s:0:"";}i:7;O:14:"Ilm_Model_Link":9:{s:7:"link_id";i:0;s:3:"url";s:47:"https://1steaglemortgage.com/purchase-programs/";s:4:"host";s:20:"1steaglemortgage.com";s:8:"internal";b:1;s:4:"post";O:14:"Ilm_Model_Post":11:{s:2:"id";s:3:"801";s:5:"title";N;s:4:"type";s:4:"post";s:6:"status";N;s:7:"content";N;s:5:"links";N;s:4:"slug";N;s:6:"clicks";N;s:8:"position";N;s:15:"page_importance";s:0:"";s:9:"itemOrder";i:0;}s:6:"anchor";s:21:"visit our homepage. ";s:15:"added_by_plugin";b:0;s:8:"location";s:7:"content";s:9:"link_mark";s:0:"";}i:8;O:14:"Ilm_Model_Link":9:{s:7:"link_id";i:0;s:3:"url";s:47:"https://1steaglemortgage.com/purchase-programs/";s:4:"host";s:20:"1steaglemortgage.com";s:8:"internal";b:1;s:4:"post";O:14:"Ilm_Model_Post":11:{s:2:"id";s:3:"894";s:5:"title";N;s:4:"type";s:4:"post";s:6:"status";N;s:7:"content";N;s:5:"links";N;s:4:"slug";N;s:6:"clicks";N;s:8:"position";N;s:15:"page_importance";s:0:"";s:9:"itemOrder";i:0;}s:6:"anchor";s:17:"visit our website";s:15:"added_by_plugin";b:0;s:8:"location";s:7:"content";s:9:"link_mark";s:0:"";}i:9;O:14:"Ilm_Model_Link":9:{s:7:"link_id";i:0;s:3:"url";s:47:"https://1steaglemortgage.com/purchase-programs/";s:4:"host";s:20:"1steaglemortgage.com";s:8:"internal";b:1;s:4:"post";r:153;s:6:"anchor";s:17:"visit our website";s:15:"added_by_plugin";b:0;s:8:"location";s:7:"content";s:9:"link_mark";s:0:"";}}
  • ilm_links_outbound_internal_count: 4
  • ilm_links_outbound_internal_count_data: a:4:{i:0;O:14:"Ilm_Model_Link":9:{s:7:"link_id";s:3:"957";s:3:"url";s:62:"https://1steaglemortgage.com/veterans-administration-va-loans/";s:4:"host";s:20:"1steaglemortgage.com";s:8:"internal";b:1;s:4:"post";O:14:"Ilm_Model_Post":11:{s:2:"id";i:90;s:5:"title";N;s:4:"type";s:4:"post";s:6:"status";N;s:7:"content";N;s:5:"links";N;s:4:"slug";N;s:6:"clicks";N;s:8:"position";N;s:15:"page_importance";s:0:"";s:9:"itemOrder";i:0;}s:6:"anchor";s:23:"Veterans Administration";s:15:"added_by_plugin";b:0;s:8:"location";s:7:"content";s:9:"link_mark";s:0:"";}i:1;O:14:"Ilm_Model_Link":9:{s:7:"link_id";s:3:"958";s:3:"url";s:50:"https://1steaglemortgage.com/mortgages-park-ridge/";s:4:"host";s:20:"1steaglemortgage.com";s:8:"internal";b:1;s:4:"post";O:14:"Ilm_Model_Post":11:{s:2:"id";i:496;s:5:"title";N;s:4:"type";s:4:"post";s:6:"status";N;s:7:"content";N;s:5:"links";N;s:4:"slug";N;s:6:"clicks";N;s:8:"position";N;s:15:"page_importance";s:0:"";s:9:"itemOrder";i:0;}s:6:"anchor";s:26:"Mortgage offers fixed rate";s:15:"added_by_plugin";b:0;s:8:"location";s:7:"content";s:9:"link_mark";s:0:"";}i:2;O:14:"Ilm_Model_Link":9:{s:7:"link_id";s:3:"959";s:3:"url";s:45:"https://1steaglemortgage.com/mortgages-niles/";s:4:"host";s:20:"1steaglemortgage.com";s:8:"internal";b:1;s:4:"post";O:14:"Ilm_Model_Post":11:{s:2:"id";i:498;s:5:"title";N;s:4:"type";s:4:"post";s:6:"status";N;s:7:"content";N;s:5:"links";N;s:4:"slug";N;s:6:"clicks";N;s:8:"position";N;s:15:"page_importance";s:0:"";s:9:"itemOrder";i:0;}s:6:"anchor";s:14:"Rate Mortgages";s:15:"added_by_plugin";b:0;s:8:"location";s:7:"content";s:9:"link_mark";s:0:"";}i:3;O:14:"Ilm_Model_Link":9:{s:7:"link_id";s:3:"961";s:3:"url";s:39:"https://1steaglemortgage.com/apply-now/";s:4:"host";s:20:"1steaglemortgage.com";s:8:"internal";b:1;s:4:"post";O:14:"Ilm_Model_Post":11:{s:2:"id";i:22;s:5:"title";N;s:4:"type";s:4:"post";s:6:"status";N;s:7:"content";N;s:5:"links";N;s:4:"slug";N;s:6:"clicks";N;s:8:"position";N;s:15:"page_importance";s:0:"";s:9:"itemOrder";i:0;}s:6:"anchor";s:0:"";s:15:"added_by_plugin";b:0;s:8:"location";s:7:"content";s:9:"link_mark";s:0:"";}}
  • ilm_links_outbound_external_count: 1
  • ilm_links_outbound_external_count_data: a:1:{i:0;O:14:"Ilm_Model_Link":9:{s:7:"link_id";s:3:"960";s:3:"url";s:34:"https://en.wikipedia.org/wiki/Loan";s:4:"host";s:16:"en.wikipedia.org";s:8:"internal";b:0;s:4:"post";N;s:6:"anchor";s:4:"loan";s:15:"added_by_plugin";b:0;s:8:"location";s:7:"content";s:9:"link_mark";s:0:"";}}
  • ilm_sync_report2_time: 2023-01-02T17:24:26+00:00

Comments are closed.