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Updated over 2 years ago on . Most recent reply

User Stats

49
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Jeff Davis
  • Chicago
30
Votes |
49
Posts

Best direct lender/big bank options in Chicago?

Jeff Davis
  • Chicago
Posted

Hey all - 

New investor here in the early stages of securing a mortgage for a MF on the north side of Chicago. Thought I would reach out to the community and see if anyone has any recommendations for direct/big bank lenders and/or credit unions that are good to work with in the sense that they have low fees and are easy to work with. Following some research that suggested that I get pre-approved by a credit union, mortgage broker, and direct lender/big bank to see which would be the best for my circumstances and goals. 


Any recommendations and/or advice would be greatly appreciated. Thanks!

  • Jeff Davis
  • Most Popular Reply

    User Stats

    6,023
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    John Warren
    • Real Estate Broker
    • 3412 S. Harlem Avenue Riverside, IL 60546
    5,064
    Votes |
    6,023
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    John Warren
    • Real Estate Broker
    • 3412 S. Harlem Avenue Riverside, IL 60546
    Replied

    @Jeff Davis what kind of financing are you looking to get? FHA? Conventional? Portfolio/commercial? That will make the biggest difference. If you are looking for an FHA, VA, or conventional, then I would talk to my guy @Joshua Jones with Loan Depot. 

    If you need something beyond that, then the credit unions and small local banks can be good. They will have a tight box you have to fit in, but if you fit you are good. 

  • John Warren
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