Pacor Mortgage is a Chicagoland based company and outstanding resource for mortgage financing. Now in our 31st year of business, our management team has seen the company grow through the most challenging markets. Our experience is what makes us the optimal choice for your mortgage needs, making us a reliable partner when it comes to mortgage financing. Continue reading for a list of our services.
- Conventional Loans: Conventional loans exist for homebuyers or homeowners who may not be able to obtain approval under non-conventional mortgage guidelines. While conventional loans are not insured by any government agency, these loans do adhere to specific guidelines.
- Pre-qualification: You can pre-qualify for a loan on our website in less than 5 minutes. This option is unique to our website and can save you valuable time and money.
- Veterans Affairs Lending Option: Congress created the VA Loan Guaranty Program in 1944 to help returning service members achieve the dream of homeownership. A VA loan is perhaps the most powerful and flexible lending option on the market today, and rather than issue loans, the VA instead pledges to repay about a quarter of every loan is guarantees in the unlikely event the borrower defaults.
- FHA Loans: If your credit is less than perfect, an FHA loan may be the one for you. Even if you’ve had financial problems, such as bankruptcy or foreclosure, you still have the chance to qualify for an FHA.
- Jumbo Mortgage: A jumbo mortgage is a plus size home loan that weighs in at a dollar amount above the conforming loan limits. The average interest rates on these jumbo mortgages are typically higher than they would be for conforming mortgages.
- Reverse Mortgage Loans: This is a form of equity release available to seniors aged 62 or older, and is used to release the home equity in the property as one lump sum or multiple payments. The homeowner’s obligation to repay the loan is deferred until the owner dies, the home is sold, or the owner leaves.
- Down Payment Assistance: Rural Development loans are primarily used to help low-income individuals or households purchase homes in rural areas. Guaranteed loans are flexible to accommodate buyers who need financing, expanded ratios to qualify, and flexible credit guidelines.
If you’re in need of mortgage financing, and aren’t sure what direction you need to go in, you can trust the experienced professionals at Pacor Mortgage. Give us a call today at 773-881-7744 to set up an appointment, or visit our website to learn more about how our services can assist you.