Follow us:
  1. Home
  2. Mortgages
  3. Chicago Mortgage Lenders

Find the Best Mortgage Lenders in Chicago, IL

Buying a house is a major milestone. Home loans let residents enjoy the American dream with only a down payment. This guide highlights the most important things to know about mortgages. Use our list of recommendations for the best mortgage lenders in Chicago to start your homebuying journey.

Top 17 Chicago Mortgage Companies

ConsumerAffairs Accredited Partner Icon
Accredited Partner
Rocket Mortgage
Read 312 Reviews

Online mortgage company available in all 50 states. Provides multiple mortgage options and refinancing programs. Part of the Quicken Loans family. 24/7 online services and learning center. No in-person assistance.

Learn More
ConsumerAffairs Accredited Partner Icon
Accredited Partner
AmeriSave Mortgage
Read 3,896 Reviews

Offers home loans with an easy online approval process. Custom quotes with no obligations to purchase or refinance. Provides conventional, jumbo, FHA, VA and USDA loans. No origination fees.

Learn More
ConsumerAffairs Accredited Partner Icon
Accredited Partner
Quicken Loans
Read 5,440 Reviews

Offers conventional mortgages and FHA, VA and jumbo loans. Refinancing options available to lower payments, change terms or take cash out. Fast online application through Rocket Mortgage. Closing costs of 3% to 6%.

Learn More
ConsumerAffairs Accredited Partner Icon
Accredited Partner
First Internet Bank
Read 346 Reviews

Online full-service bank. Personal and business products. Fixed, ARM, jumbo, FHA, VA and home equity mortgages. No physical branches. Mobile banking through app. Free ATM card with most accounts.

Get a Quote Call Now Toll Free (855) 767-2424
ConsumerAffairs Accredited Partner Icon
Accredited Partner
Mr. Cooper
Read 9,657 Reviews

Provides new home loans and mortgage refinancing. Offers competitive interest rates. Award-winning mobile app. Online loan tracking. Guarantees closing date or the company makes your first mortgage payment. Rewards program.

ConsumerAffairs Accredited Partner Icon
Accredited Partner
North American Savings Bank
Read 179 Reviews

Offers mortgages, refinancing, emergency loans and more. Special services for veterans. Multiple locations across the Kansas City, Missouri, area. Online services available nationwide. Online mortgage rate calculator.

Learn More Call Now Toll Free (844) 489-1676
ConsumerAffairs Accredited Partner Icon
Accredited Partner
ClearPath Lending
Read 1,063 Reviews

Nationwide mortgage lender based in California. Offers VA, FHA, conventional and jumbo loans in almost every state. Specializes in fixed-rate and adjustable-rate loans and guarantees low prices. Prequalifications in 15 minutes.

ConsumerAffairs Accredited Partner Icon
Accredited Partner
Vanderbilt Mortgage
Read 2,100 Reviews

Provides mortgage financing for manufactured, mobile and modular homes. Mortgages include conventional, FHA, biweekly and land loans. Programs for low credit scores. Closing fees usually from 3% to 5%. Online mortgage calculator.

BOK Financial Mortgage
Read 1,710 Reviews

Offers home loans, mortgage refinancing and home equity loans with competitive rates and flexible plans. Online application. Prioritizes one-on-one customer support. Diverse mortgage products. Lenient down payment requirements.

Guaranteed Rate Mortgage
Read 176 Reviews

Offers mortgages and refinancing services, including 100% online mortgages. Work with loan officers and loan specialists assigned to your case. Approvals in as few as 15 minutes. Online mortgage payment calculator.

A and N Mortgage Read Author Review

Offers competitive mortgage rates, fee structures and access to more than banks, credit unions, mortgage insurance companies and more. Provides online and printable preapproval applications in English and Spanish.

Chicago Financial Services Read Author Review

Offers specialty loan programs in addition to traditional loan and refinancing options. Finds the best loan for you with the company's digital loan application tool. Licensed in multiple states.

Draper and Kramer Mortgage Corp. Read Author Review

Provides government mortgage loans, such as FHA, VA and USDA mortgages, as well as jumbo, renovation, HELOC, reverse and second mortgages. Offers lender-paid mortgage insurance (LPMI) programs.

LeaderOne Financial Corporation Read Author Review

Offers mortgages to new homebuyers and refinancers. Lets customers apply online and follow the process from the company's app. Provides mortgage calculators.

Molitor Financial Group Read Author Review

Offers loans for home purchasing and refinancing. Provides conventional, jumbo, FHA, VA and USDA loans. Mobile app from CardTapp available for accessible communication.

Neighborhood Loans Read Author Review

Provides FHA, FHA 203k, jumbo, VA, conventional, USDA, IHDA, refinancing, HomePossible, HomeReady and HomeStyle mortgage loans. Offers no-down-payment loans. Step-by-step guides for home buying and refinancing available.

NewCastle Home Loans Read Author Review

Provides several mortgage options, including VA, renovation, refinance and FHA loans. Down payment assistance and DACA loan programs available. Accepts credit scores as low as 500 for VA loans.

chicago skyline

How to choose a home loan in Chicago

The most common mortgage loans in Chicago are Federal Housing Administration (FHA), conventional and jumbo loans. Some of the best places to buy a home in Chicago are:

  • Edgewater/Andersonville: This makes our list due to its affordability — median home prices are $260,000 — despite being within walking distance of beaches. Conventional loans are an excellent choice in Edgewater/Andersonville because it’s easier to put the 20% down required to avoid private mortgage insurance (PMI) fees.
  • Lincoln Park: One for the wealthiest neighborhoods in Chicago is Lincoln Park. Home choices run the gamut from luxury condos to spacious single-family homes. The area also has some of the largest green spaces in Chicago. Residences have a median value of $668,000, making them an excellent candidate for jumbo loans because of their high cost.
  • Lake View: Home to Wrigley Field, Lake View is a favorite spot for fans of the Cubs. At $355,000, the median home values are higher than the city’s average. First-time homebuyers can still make homeownership a reality with only 3.5% down through an FHA loan.
  • North Center: North Center is an attractive place for families because of its low crime rates, excellent schools and high graduation rates. Home values are a median of $620,000, but going with a 30-year fixed-rate mortgage makes homes in North Center more affordable.

Many Cook County residents also take advantage of Chicago’s Home Buyer Assistance Program, which covers up to 7% of the loan amount for a down payment and closing costs. Payment assistance programs from the Illinois Housing Development Authority (IHDA) are also popular.

Finding a Chicago mortgage company

Selecting a Chicago mortgage company boils down finding a lender that has:

  • Good mortgage rates
  • A range of loan choices
  • Good reviews and customer service
  • High marks from friends and family

Deciding between a local, national or online mortgage company depends on how you like to do business and if you prefer in-person service. When selecting between two or more companies, consider going with one that’s more patient and attentive to your questions.

Chicago mortgage FAQ

Can you negotiate a better mortgage rate?
Yes, you can negotiate your mortgage rates with your lender. If you have an excellent credit score, good financial history and a large down payment, you have far better leverage.
What credit score do you need to get a mortgage in Illinois?
With stipulations, homebuyers may qualify for an FHA loan with a credit score as low as 500, though 580 is more typical. Many mortgage lenders on our list require at least a score of 620.
How do I get preapproved for a mortgage in Chicago?
Most of our recommended lenders accept preapproval applications online. You can get your preapproval results in as little as a day.

Not sure how to choose?

Get buying tips about Mortgage Lenders in Chicago delivered to your inbox.

    By entering your email, you agree to sign up for consumer news, tips and giveaways from ConsumerAffairs. Unsubscribe at any time.

    Thank you, you have successfully subscribed to our newsletter!

    Chicago mortgage company information

    A and N Mortgage

    A and N Mortgage offers fixed-rate mortgages of 15 or 30 years as well as adjustable-rate mortgages of varying lengths and balloon mortgages of five or seven years. The lender works with a variety of programs, including stated income, imperfect credit and no point, no fee.

    • Address: 1945 N. Elston Ave., Chicago, IL 60642
    • Phone: (773) 305-5626
    • Hours: M - F: 9am - 5pm
    • Website:
    Neighborhood Loans

    Neighborhood Loans is an award-winning lender that can get you preapproved for a mortgage within 24 hours. The company has an efficient in-house underwriting and processing team to ensure your loan closes on time. It helps low- to moderate-income families obtain housing, even if they don't have perfect credit or can only put 3% down.

    • Address: 5756 S. Pulaski Road, Chicago, IL 60629; Multiple locations
    • Phone: (773) 649-4800
    • Hours: M - Sat: 9am - 9pm
    • Website:
    Molitor Financial Group

    Molitor Financial Group's proven process for buying a home or restructuring your loan takes you from initial consultation to closing with ease. The company helps veterans and active-duty military personnel obtain loans with more relaxed guidelines and low down payment options. With its loan restructuring options, you can also shorten your loan term or convert to a fixed-rate mortgage.

    • Address: 5412 N. Clark St., Ste. 223, Chicago, IL 60640
    • Phone: (773) 275-3100
    • Hours: M - F: 9am - 6pm
    • Website:
    LeaderOne Financial Corporation

    Homebuyers and refinancers have a wealth of information at their fingertips with LeaderOne Financial Corporation’s extensive interactive video library. It also has a set of calculators for refinancing savings, monthly payment amounts and costs of waiting to purchase. LeaderOne Financial Corporation funds more than $1.5 billion in home loans each year.

    • Address: 420 W. Huron St., Ste. 105 Chicago, IL 60654
    • Phone: (773) 384-2431
    • Hours: M - F: 8am - 6pm; Sat: 10am - 3pm
    • Website:
    Draper and Kramer Mortgage Corp.

    In business for over 125 years, Draper and Kramer Mortgage Corp. is an experienced lender with a strong track record of customer satisfaction. The company's LPMI programs allow down payments as small as 5% on conventional loans without requiring customers to purchase mortgage insurance.

    • Address: 363 W. Erie St., Ste. 300, Chicago, IL 60654; Multiple locations
    • Phone: (312) 654-7255
    • Hours: M - F: 8:30am - 5pm
    • Website:
    Chicago Financial Services

    Chicago Financial Services is perfect for getting a primary or investment property mortgage because its license for one- to four-unit properties extends to multiple states, including California, Illinois, Washington and Florida. It also obtains wholesale numbers from banks and finance companies to offer you competitive mortgage rates.

    • Address: 1455 W. Hubbard St., Ste. 200, Chicago, IL 60642
    • Phone: (312) 642-7979
    • Hours: M - F: 8:30am - 5:30pm
    • Website:
    NewCastle Home Loans

    NewCastle Home Loans’ Deferred Action for Childhood Arrivals (DACA) loan helps those in the DACA program get conventional loans for one- to four-unit residences. Only a 3% down payment, 620 minimum credit score and stable employment or income are needed to see if DACA recipients qualify. DACA recipients can get approved in one day and close in as little as 10 days.

    • Address: 1700 W. Cortland St., Ste. 207, Chicago, IL 60622
    • Phone: (855) 610-1112
    • Hours: M - F: 8am - 6pm; Sat: 10am - 2pm
    • Website:
    by Sandi Pope ConsumerAffairs Research Team

    Sandi Pope previously worked in the nonprofit sector as an advocate for environmental and social change and believes information access is a human right. As a member of the ConsumerAffairs Research Team, she seeks to provide consumers with the necessary information needed in making life-altering decisions.