Available Home Loan Programs

Smart Mortgage Centers offers a wide variety of home financing solutions to meet the needs of our clients throughout Illinois. We are a residential mortgage broker offering financing programs for almost any type of 1-4 unit property including single and multi-family homes, condominiums, townhouses, and mobile and modular homes. 

Properties typically can be financed as one's primary residence, second home, or investment property. Please take a moment to review the various types of home loan solutions we offer and give us a call to discuss any products of interest - 888-416-0920.

* Fixed Rate Mortgages

We offer fixed rate home loan solutions including 10, 15, 20, and 30 year products.  Customize your own fixed terms from 8 -30 years. Conventional conforming fixed rate mortgages can be a good fit for homeowners and home buyers who want the security of knowing that their interest rates and monthly principal and interest payments will remain consistent throughout the course of their loans' terms.

* Adjustable Rate Solutions

Looking to capitalize on a low introductory mortgage rate which can last between 36 and 120 months? We offer 3/1, 5/1, 7/1, and 10/1 adjustable rate mortgage (ARM) programs. These products can be an ideal solution for borrowers who only plan on being in their homes for a set number of years. Adjustable rate mortgages carry a higher degree of risk as rates can and do change after the introductory periods end. Be sure to speak with one of our mortgage professionals to make sure that you have a clear understanding of how adjustable rate mortgages work before selecting an ARM product. 

* FHA Loans

FHA loans are a popular option for buyers seeking to put down less money than typically needed through conventional fixed rate financing. Qualifying existing homeowners can use FHA mortgages to refinance up to 97.50% of their homes' value (subject to change). We are a FHA lender and offer a number of fixed rate and adjustable rate FHA mortgage products and even have FHA solutions for rehabbing properties and financing single and doublewide manufactured homes on owned land. 

* VA Financing

VA Mortgages are available to qualifying veterans and active duty military personnel. One of the biggest benefits to VA financing is that it is one of the only 100% financing solutions still available in the marketplace. The VA funding fee can also be financed and closing costs may be covered by gift funds or paid by the seller. 

* HARP Refinancing

We offer HARP 2.0 refinance options to homeowners who are upside-down in their mortgages. If you owe close to the amount or more than your home is worth and you've demonstrated an acceptable payment history, you may qualify. Fannie Mae has removed the loan to value limit for Refi Plus loans opening the door to thousands of borrowers who can now take advantage of near record low interest rates. 

* Jumbo Mortgages

If you're looking to finance a loan amount that exceeds the area's conforming loan limit, then you may need to consider a jumbo mortgage program. We offer highly competitive interest rates on a number of fixed and adjustable rate jumbo financing solutions. Interest only options may also be available to qualifying borrowers in eligible states.

* 203K Rehab Loans

Want to purchase a fixer-upper or finance some renovations to an existing property? Borrowers can use 203K financing to obtain single loans at a long term fixed or adjustable rates (rather than having to take out a construction loan or second mortgage). There are several rehab loan options available - which is right for you will depend on the cost and complexity of your renovation, among other factors. 

* USDA Rural Housing Loans

USDA mortgages offer a no money down home buying solution to buyers interested in purchasing properties in rural and underdeveloped areas. Rural does not necessarily mean remote. You might be surprised to learn how many parts of United States are eligible. Income restrictions may apply. Contact us to see if a USDA rural housing loan might be a good fit for your needs. 

* Reverse Mortgages

We are pleased to offer reverse mortgage solutions in our home state of Illinois. Reverse mortgages are government insured mortgages available to homeowners age 62 and up. Qualifying seniors can use reverse mortgage to borrow against the equity they've built in their homes over the years. Payments may be taken in a lump sum, a line of credit, or through monthly payouts. 

No matter what type of home loan program you're interested in, chances are we have the solution. Give one of our mortgage professionals a call today for a free consultation and to learn more about our various products - 888-416-0920.


 Apply now 

Get your wholesale rate now!

Buy a Home or Refinance today. Free Quotes, No Obligation, Safe and Secure.


We offer Wholesale Mortgage Rates

We never take Application Fees
Customer Excellence Awards from 2011 - 2017

Local in Illinois since 1997

You will work one on one with a licensed individual from start to finish

24 Hour Illinois Mortgage Hotline

24 Hour Colorado Mortgage Hotline

24 Hour Florida Mortgage Hotline



Need More information

Call Us: (630) 904-1800

Email Us: smartmortgagecenters@yahoo.com

Apply: Click Here