• 4003 Plainfield Naperville Rd, Naperville, IL 60564
  • (888)999-1350

Celebrating 23 Years in Business!

Top Rated Local Mortgage Company of 2020.  We are here to help you find the best possible mortgage options for your situation.  Start your online mortgage today.

Questions Call (888)999-1350

Refinance my Home

Purchase a Home

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Today’s Local Mortgage Rates

If you would like us to monitor mortgage rates for you please click here.

Refinance Rates

30-Year Fixed Rate

Rate 2.750%

APR 2.785%

Points 0

30-Year Fixed Rate FHA

Rate 2.250%

APR 2.977%

Points 0

30-Year Fixed Rate VA

Rate 2.250%

APR 2.445%

Points 0

Rates based on a Loan Amount of $315,000, Loan to Value (LTV) 70%, Credit FICO Score 770

Lock a Low Mortgage Rate
Call Now (888)999-1350

Home Purchase Rates

30-Year Fixed Rate

Rate 2.690%

APR 2.736%

Points 0

30-Year Fixed Rate FHA

Rate 2.250%

APR 2.966%

Points 0

30-Year Fixed Rate VA

Rate 2.250%

APR 2.435%

Points 0

Rates based on a Loan Amount of $315,000, Loan to Value (LTV) 70%, Credit FICO Score 770

Lock a Low Mortgage Rate
Call Now (888)999-1350
Rates, terms, and fees as of 12/1/2020 11:00 AM Central Standard Time and subject to change without notice.
Rates are posted daily at 11am Monday – Friday.  Rates are not posted on the weekend.

Here’s what happens next

Step 1

Answer a few questions

Just enough to get you a free quote.

Step 2

Connect with your consultant

Find the best available options.

Step 3

Fast Mortgage Closings

Closings in under 20 Days.

Mortgage Calculator

APR vs Interest Rate

When buying a home or refinancing, keep in mind advertised interest rates and the (APR) annual percentage rate are different.  What’s the difference?

  • Interest rate refers to the annual cost of a loan to a borrower and is expressed as a percentage
  • APR is the annual cost of a loan to a borrower — including fees. Like an interest rate, the APR is expressed as a percentage. Unlike an interest rate, however, it includes other charges or fees such as mortgage insurance, most closing costs, discount points and loan origination fees.

Why the difference? The APR is intended to supply the borrower with a more information.  Considering the APR is more effective when buying a home or refinancing. The APR includes not only the interest expense on the loan but also all fees and other costs involved in procuring the loan. These fees can include broker fees, closing costs, rebates, and discount points. These are often expressed as a percentage.  The Federal Truth in Lending Act requires that every consumer loan agreement disclose the APR. Since all lenders must follow the same rules to ensure the accuracy of the APR, borrowers can use the APR as a good basis for comparing certain costs of loans. (Remember, though: Your monthly payment is not based on APR, it’s based on the interest rate on your promissory note.)

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Shopping for a Local Mortgage

When shopping for a mortgage it is important to research your options.  Before a consumer even begins the process, checking a companies ratings and reviews can save a lot of time.  Consumers also agree it can be reassuring to work with a local company.  Going local gives the opportunity to meet face to face with a licensed Mortgage Consultant.  Easy to use online mortgage technology should also be an available option.  Online applications, secure document uploads and electronic signatures make the mortgage process simple.

It’s important to evaluate interest rates, APR’s, closing costs and upfront fees when comparing mortgage offers. After applying, the loan estimate supplies consumers with all of these details in writing.  Always be aware of companies asking for upfront fees.  Companies asking for upfront fees in order to lock a mortgage should be avoided.  Lenders and banks often use this tactic in order to make a consumer feel trapped and upfront fees are often non-refundable.

Being prepared, It’s a great idea to gather all of your personal documents before starting your home loan.  Having your documents together will save you and your mortgage consultant a lot of time.  Remember, everyone is working towards the same goal, getting consumers into their new home or refinancing them quickly.  Lastly, it’s always a good idea to work with a company that is local and has in house processing.  This can save the headache of having to deal with multiple people throughout the loan.  Working local and one on one with the same person gives consumers peace of mind.

Wholesale Mortgage VS Retail Mortgage

Consumers are easily persuaded by corporate advertising, often billion dollar corporations tied to retail banks and or lenders.  Corporations make millions each year selling retail mortgage rates, upfront fees and even worse charging excessive closing costs.  A major distraction that can easily be diverted by comparing quotes.  A retail quote comes from big name lenders or banks, wholesale quotes comes from local mortgage brokers like Smart Mortgage Centers.  The wholesale broker is able to shop for the lowest rate, offer discounted pricing, no upfront fees, and no closing cost options.  Even more appealing, wholesale brokers work side by side with consumers from start to finish.  Another benefit would include a wide variety of programs, lower credit score options and even finding alternative ways to lend.  No matter what your situation, always entertain the idea of getting a quote from a local mortgage broker.

Popular Local Mortgage Programs

Types of mortgage programs available to home buyers and those looking to refinance.

Conventional Mortgage

620 Credit Scores required with a minimum of 3% down.  Conventional loans offer low mortgage rates.

FHA Mortgage Programs

580 credit scores required with 3.5% down payment. FICO scores under 580 can qualify with 10% down.  Easier qualifications for less than perfect credit.

VA Mortgage Programs

The VA mortgage program is excellent for service members looking to buy a home with NO money down.

USDA Mortgage Programs

Buy a home with no money down just outside of major cities.

Grant Programs

Private grant programs offer consumers help with the down payment for a new home.

Non QM Loans (Alternative Lending)

Bank statement programs, ITIN programs, Foreign National Programs.  Finding alternative methods for home buyers.

Manufactured Home Loan

Programs for factory built homes on a permanent chassis, and generally come in single or two-section units.

Rehab Loans

For new home buyers or those looking to refinance.  Finance simple upgrades, remodeling or more complex renovation projects, and everything in between.